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Old Posted Jan 9, 2025, 1:18 AM
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Quote:
Originally Posted by ChiND View Post
Thanks, so the whole Wynn Hotel condo with the big casino base will all be built on the platform? It looks like the hotel tower portion might be on terra firma.

Also, do you know if any portion of the casino will be in the hotel tower?
The casino complex is one building. The office tower and the residential building will be built on the site south of the railyards, not on the platform. The same as the Coach tower and 15 Hudson.



Quote:
Originally Posted by Gantz View Post
They need to put one in Coney Island. It is a good location for one.
Then turn the one in Queens into a full casino, and build one in Manhattan for the tourists.
The Queens casino will remain open either way, but awarding the full license to that casino won't generate the same economic development and number of jobs that a completely new development will. That's what they are measuring with the existing casinos - the amount above what already exists.
It's why the board keeps stressing that the economic side of these proposals is what will heavily influence which proposals get built.


Quote:
https://www.covers.com/industry/econ...ses-jan-6-2025

Economic Development Will Impact New York Casino Licenses
The New York State Gaming Commission's executive director reaffirmed the financial benefits of casino projects will influence who gets an approval.

But there is still that matter of settling the city's individual approvals process for various proposals. Of the proposals moving forward, two of them - Bally's Bronx proposal and Hard Rock's Citifield proposal - technically don't have a site yet, and may not get it. But keep in mind these are not ordinary proposals that generally run through the city's approval process. They each have HUGE implications for the state, all the more reason for Hochul not to play games with the city approval process. It's one thing to say a 50-story building should maybe be knocked down to 30. Another thing entirely to say a huge economic engine for the entire state shouldn't be built. So that's what they are dealing with. And they (the politicians) all know it. Will they do the smart thing? Sadly, that's always in doubt.
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