JERSEY CITY | Liberty Rising | 1000+ FT | 95 FLOORS

C. · #1 Posted **Jul 9, 2014, 2:33 PM**

http://www.nj.com/politics/index.ssf...rsey_city.html

Quote:

A venture capitalist from Massachusetts has been quietly meeting with leading New Jersey politicians in recent months, pushing a proposal for a casino and hotel rising 95 floors above New York Harbor.

The $4.6 billion project would also feature residences, a 107,500-seat motor sports stadium and what is billed as the largest Ferris wheel in the world.

But there’s one catch — it would not be in Atlantic City, the only city where New Jersey has allowed gambling since its legalization almost 40 years ago. Rather, it would rise in Jersey City, with sweeping views of Manhattan and sit almost eyeball to eyeball with the new 104-story World Trade Center just across the harbor.

"I’m excited about the potential for a world-class facility that includes a casino, hotel and convention center as well as the largest ferris wheel in the world all located next to the best park in New Jersey," Mayor Steve Fulop said. "I still need more information regarding the racetrack to be confident it will not harm Liberty State Park. This development would create 25,000 jobs and over $5 billion of investment, which would be one of the largest construction projects in the United States."

Even a former mayor of Atlantic City, state Sen. Jim Whelan (D-Atlantic), accepted the inevitability of the project, or one like it...

Fireman has met with several lawmakers about his proposal, according to two who provided details to The Star-Ledger. But Fireman himself did not return calls and emails seeking comment.

"It’s huge," said state Sen. Raymond Lesniak (D-Union), who has met with Fireman. "It has the wow factor ... It will blow away Macau as a destination place for gaming."

According to the lawmakers, the casino would be situated near the waterfront, next to the Liberty National Golf Course, which Fireman built in 2006.

Disclaimer: I am personally highly skeptical about this development but that's mighty positive words from Mayor Fulop.