NEW YORK | Casino Development| FT| FLOORS - Page 27

NYguy · #**521** Posted **Sep 24, 2024, 6:05 PM**

It’s a shame Cohen only wants to improve the stadium surroundings if he gets the casino. Converting that parking lot to an actual park would be nice. They could still keep the covered parking with a new museum or something. I still say that’s where the city should have built the soccer stadium, and more housing on the soccer stadium site. I agree that his plan looks more suitable for Nassau County.

NYguy · #**522** Posted **Oct 2, 2024, 1:32 AM**

A few more looks at Cohen's proposal...

NYguy · #**523** Posted **Oct 3, 2024, 3:33 AM**

Community Board review begins for the Met Park proposal.

NYguy · #**524** Posted **Oct 10, 2024, 10:38 PM**

https://nypost.com/2024/10/09/busine...yc-casino-bid/

Gov. Kathy Hochul will go to bat for one of her biggest donors – Mets owner Steve Cohen – to help revive his NYC casino bid

By Josh Kosman and Carl Campanile
Oct. 9, 2024

Quote:

Hochul plans to introduce legislation in the 2025 state budget that would broaden the permitted uses of city parkland for a gambling complex, a source close to the situation told The Post.

State lawmakers have tried to thwart Cohen and others from moving forward with their billion-dollar projects, citing concerns over the loss of public land to private ventures.

“The Governor is going to try to get all the land use issues for the casino license bids rolled into the budget,” the source, who is close to one of Cohen’s rival bidders, told The Post. “She is trying to stuff it in there.”

Quote:

State Sen. Jessica Ramos refused to introduce a bill that would rezone the land.

She said her constituents are “desperate for green space, and recreation for the whole family” — not gambling.

“It would be unfortunate for the Governor to do this, breaking an important precedent. New Yorkers are yearning for real economic development,” Ramos told The Post on Wednesday.

streetscaper · #**525** Posted **Oct 11, 2024, 3:02 AM**

God I hate that corrupt woman!

NYguy · #**526** Posted **Oct 11, 2024, 2:20 PM**

https://nypost.com/2024/10/10/us-new...ed-casino-bid/

Gov. Kathy Hochul now says she has ‘no intention’ to aid Steve Cohen’s troubled casino bid

By Carl Campanile, Vaughn Golden and Josh Kosman
Oct. 10, 2024

Quote:

Gov. Kathy Hochul insisted Thursday that she won’t aid Mets owner Steve Cohen’s bid for a coveted New York City casino license — after sources told The Post she intended to introduce legislation that would benefit the billionaire.

“There are people, shady people, who will try to manipulate the [casino bidding] process to their benefit and be willing to put out lies. I have had no intention of putting this in my executive budget,” the governor told reporters when asked if was going to bat for Cohen, one of her biggest donors.

Quote:

When asked to comment for The Post story earlier this week, a Hochul spokesperson declined to say whether she intended to add the new provision in the upcoming budget.

“Gov. Hochul will unveil her State of the State agenda in January,” the rep told The Post.

Quote:

After hearing Hochul might address Cohen’s land use problem in the state budget, the governor got immediate blowback from lawmakers, who said it looked like she was aiding the Cohen/Hard Rock $8 billion casino proposal near Citi Field in Queens.

“It’s a bad precedent,” said Joe Addabbo (D-Queens), who chairs the state Senate’s Racing, Gaming and Wagering Committee, when first hearing of Hochul’s planned intervention.

“For the governor to get involved and favor one bidder over other bidders sets a dangerous precedent.”

A spokesperson for Cohen shot down accusations that Hochul was putting a thumb on the scale to help the Mets owner.

“Permitted use legislation doesn’t prejudge the gaming approval process in any way nor does it guarantee the project will move forward,” the spokesperson said.

Quote:

Hochul’s apparent change of plans leaves Cohen’s bid in a pickle.

He needs the State Senate to introduce and pass a bill to give his bid with Hard Rock the authority to use the city lots around Citi Field to build the casino and entertainment complex over the wishes of Jessica Ramos, the local state senator, who opposes it.

Cohen’s bid is dead — can’t even move forward for consideration — without an alienation law, the taking of parkland for non-park use.

As is custom, legislators defer to a local representative when it comes to controversial projects in his or her district — and it’s highly unlikely the Senate would pass an alienation bill over Ramos’ objections.

streetscaper · #**527** Posted **Oct 11, 2024, 3:11 PM**

Thank god it seems impassable now!

Busy Bee · #**528** Posted **Oct 11, 2024, 3:56 PM**

Icky

NYguy · #**529** Posted **Oct 11, 2024, 4:39 PM**

Hochul's whole reason for declining to amend the approval date to what was approved in both houses is that she wanted the land-approval processes currently underway for each approval to be completed. The 7 month approvals process for all of the city proposals that require it hasn't even begun yet, though those are moving up to a starting date soon. A couple of proposals that need approval besides that are the Bally's Casino in the Bronx (parkland) and Cohen's Hard Rock proposal (parkland). But even when all of those steps are completed, that's only the beginning. That's when the state's approval process kicks in. This is all a lot of redundancy that was put in place by Hochul. It's all ridiculous.

Here are the developments nearing beginning of the 7 month ULURP process:

1. Queens Future has begun (don't know how as they don't have the site yet)
https://zap.planning.nyc.gov/projects/2024Q0218

2. Hudson Yards is beginning soon
https://zap.planning.nyc.gov/projects/2024M0108
https://zap.planning.nyc.gov/projects/2024M0282 (mapping)

3. Coney Island casino
https://zap.planning.nyc.gov/projects/2024K0230

4. Silverstein's proposal has not been changed to accommodate the casino plan
https://zap.planning.nyc.gov/projects/P2016M0148
https://zap.planning.nyc.gov/projects/2020M0325
https://zap.planning.nyc.gov/projects/P2014M0309

Basically, everything that's being done now is to see who can even apply for a casino license in the first place.

Then we'll be here at the starting line:

Given Hochul's ability to delay, and delay again, it wouldn't shock me if those dates were pushed back even further.

taniyatmadden · #**530** Posted **Oct 22, 2024, 8:16 AM**

Places like Coney Island or near Citi Field could really benefit from the extra energy and jobs a casino could bring. There’s so much potential if they pick the right spots. Personally, when I feel like playing but don’t want to go out, I’ll hop on Slot77 Online for a few games. It gives a bit of that casino vibe from home.

NYguy · #**531** Posted **Oct 23, 2024, 12:14 AM**

Bally's begins to unveil more of their plans for a casino in the Bronc...

Busy Bee · #**532** Posted **Oct 23, 2024, 1:29 AM**

And the dumbest location of them all...

NYguy · #**533** Posted **Oct 24, 2024, 1:00 AM**

Quote:

Originally Posted by Busy Bee

And the dumbest location of them all...

Which means at least one of the idiots involved in this process will think it's a good idea. It should be thrown out altogether.

NYguy · #**534** Posted **Oct 24, 2024, 1:55 AM**

https://cdcgaming.com/las-vegas-sand...-resort-plans/

Las Vegas Sands CEO concerned about $6 billion New York resort plans

October 23, 2024

Quote:

The chairman and CEO of Las Vegas Sands expressed concerns Wednesday about investing in a $6 billion casino-resort on New York’s Long Island, while facing competition from online gambling.

During a third-quarter earnings call, Rob Goldstein said the expectation is that casino operators seeking a license will be required to submit applications in the spring and that he learned Wednesday morning that a decision may not be made until the first quarter of 2026, instead of the end of 2025.

“We remain interested in the process,” Goldstein said. “The only concern I have these days is the ongoing strength of online gambling. You can’t ignore what’s happening in New Jersey, Pennsylvania, and Michigan. We build capital-intensive buildings that require a long-term perspective. There has to be some way to think about the online impact, no matter where you are in the U.S. I ‘ve been looking at it closely. I would love to be in New York with the right capital structure and right licensure process. This is the newest wrinkle. My personal thinking has been influenced somewhat by the last six months of the growth of online gambling.”

Doubleu1117 · #**535** Posted **Oct 25, 2024, 3:37 AM**

If (and who are we kidding, it's when) this get's pushed to 2026, everyone involved should be forced to resign and get people in who can run a functioning government.

NYguy · #**536** Posted **Oct 25, 2024, 1:55 PM**

Quote:

Originally Posted by Doubleu1117

If (and who are we kidding, it's when) this get's pushed to 2026, everyone involved should be forced to resign and get people in who can run a functioning government.

This is squarely on Hochul. She blames the delay on wanting all of the local zoning issues completed before any applicant is able to present a proposal. But that's not what happened with the other state casinos. Hochul specifically put in that provision. And to make matters worse, she is requiring all proposals to show "community support", when everyone who's ever done anything in New York City knows the community boards will never support large developments, no matter if the alternative is just as large.

But both houses of state government voted on a change that would have head the deadline for submission earlier this year. It just needed Hochul's approval, which she did not give, citing New York City's ULURP process as a reason. This could have all been done without it.

So what we got is a convoluted process of licensing:

1 - The city itself had to provide a zoning provision for casinos in the city, something it never had. This too could have been done earlier, but the city assumed the state would account for it just as it did the other casinos. So this had to work itself through the approvals process, which involved the community boards and local politicians.

2 - Once that was settled, the individual proposals had to go through the ULURP process, which also involves the community boards and local politicians.

3 - Once all of that is completed, now begins the State process of trying to show support, each proposal having its own individual committee. Because why not make it as complicated as possible? And once again this will involve the community boards and local politicians.

4 - Once those proposals are whittled down, the State will determine which 3 (assuming that many remain) meet the highest qualifications set below:

They're looking for big economic development and impact, something the existing racinos at Aqueduct and Yonkers (Empire City) aren't strong on.