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Metropolitan Park would be created on a 50-acre piece of parkland that has been used as a parking lot since the 1939 World’s Fair — as well as for events such as carnivals and a variety of other public uses. Steve Cohen, the billionaire owner of the New York Mets, has floated the possibility of building a casino as part of an entertainment complex on the 50-acre asphalt parking lot next to Citi Field. Related Companies, a New York City real estate giant, and Wynn Resorts are looking to build a casino from the ground up in an undeveloped area of Hudson Yards, located on the Far West Side of Manhattan.
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The structure, dubbed “The Coney”, would feature a new hotel just steps from the iconic boardwalk. Thor Equities, a real estate investment firm, is partnering with Saratoga Casino Holdings and the Chickasaw Nation to build a casino in Coney Island. Bally’s, a large gaming company that operates in Atlantic City, is looking to develop a casino at Trump Golf Links in Throggs Neck. Cohen has held meetings, including two visioning sessions, with the public to solicit feedback as to what to incorporate in his plans.
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Their role is to gauge the interest of the community and make a recommendation. At least four of the six committee members must approve of the plan for it to move forward. The Sands Corporation said even if all that happened, the project could still be five to seven years away. The vast majority of neighbors at the meeting were against any kind of resort and casino, and they made their voices heard.
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Yet the race for all three downstate licenses is wide open — and nothing is a sure bet in the fierce competition full of big ideas and visions with billions of dollars at stake. Ten high rollers continue to vie for three lucrative full casino licenses in downstate New York in a years-long race that evolved from a sprint to a marathon. Santee Development Corporation estimates the development of the casino and resort to bring over 4 million annual visitors from in and out of state. No Sands Corp. representatives spoke during Thursday City Council meeting. Instead, an assistant city manager relayed the company’s earlier request to remove the gambling elements from the proposal.
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