Posted Mar 12, 2021, 3:19 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,914
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Quote:
Originally Posted by JMKeynes
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Casinos, condos, aren't allowed on Governor's Island.
https://www.politico.com/states/new-...budget-1358239
Quote:
Yang said during the radio appearance that the city needs to continually invent new ways to entice visitors to the five boroughs. A casino sited on the island would not only attract a lot of tourists, but would generate hundreds of millions of dollars a year. In theory, revenue of that scale could partially offset the cost of his $1 billion basic income plan, which would transfer direct payments to a half-million of the city’s poorest residents.
“It’s going to be in an environment right now that is essentially unused,” Yang said.
There would be a few issues with such a proposal: For one, casinos are banned on the island through a 2003 deed restriction that was hashed out with the federal government.
In addition, the unused portions of the island are unlikely to remain that way for long.
The Governors Island Trust is in the middle of a rezoning process to bring millions of square feet of development to the island, in part to help pay for its operations.
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