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Manhattan Casino Debate Intensifies: Community Councils Hold Key to Billion-Dollar Gamble
New York City is at the center of a high-stakes debate over the possibility of a new Manhattan casino. With several proposals on the table, including a massive $11 billion “Freedom Plaza” project, the decision rests heavily on the shoulders of local Community Advisory Councils.
These councils wield the power to veto any casino proposal in their neighborhood, potentially derailing projects despite the potential for billions in tax revenue.
The billion-dollar Question: A Manhattan Casino?
Michael Hershman, CEO of Soloviev Group, argues that a Manhattan casino is essential for maximizing tax revenue due to the concentration of tourism in the borough. His company’s Freedom Plaza proposal aims to transform empty land south of the United Nations into a gaming and entertainment hub.
“If the purpose of this whole exercise is to generate tax revenue, you need to have a casino in manhattan,” hershman stated, emphasizing Manhattan’s dominance in attracting tourist dollars.
Political pushback: Not In My Backyard?
Senator Brad Hoylman-Sigal has been a vocal opponent, with campaign materials proclaiming that “Manhattan is no place for a casino.” Though, Council Member Keith Powers points out what he sees as hypocrisy, noting Hoylman-Sigal’s vote in Albany to authorize the downstate licenses that make a Manhattan casino possible. The political tension is palpable as the application deadline approaches.
competing visions: Beyond Manhattan
While the focus is on Manhattan, other boroughs and Westchester County are also vying for a casino license. Proposals include expansions of existing “racinos” at racetracks in Queens and Westchester, and also new developments near CitiField in Queens and potential sites in the Bronx and Brooklyn.
The collapse of a casino plan in Hudson Yards has reportedly improved the odds for other Manhattan contenders, including SL Green’s proposal to repurpose it’s 1515 Broadway building into a Times square casino.
Community Advisory Councils: The Deciding Factor
The establishment of Community Advisory Councils, composed of key elected officials, gives local communities notable power to block casino proposals. These councils include the Governor, the Mayor, the borough president, and local state representatives.
The state will weigh revenue and economic benefits, but only *after* the Community Advisory councils have their say. This local veto power makes community engagement crucial for any prospective casino developer.
Hershman’s Freedom Plaza, for example, includes a 4.5-acre park,a museum,over 1,000 housing units (almost 50% affordable),and a community investment fund that could contribute up to $250 million over 20 years.
Traffic and Timelines: Key Considerations
Traffic management is a major concern. Hershman claims his plan positions the casino entrance to minimize congestion. The state aims to award the new licenses by the end of the year, but changes in local leadership could alter the landscape if the process drags on.
Marisa Redanty, a Hell’s Kitchen activist, argues that the debate should focus on *what kind* of casino and *where*, rather than trying to stop the inevitable.
What impact do you think a Manhattan casino woudl have on the city’s economy?
Comparing Manhattan Casino Proposals
| Proposal | Location | Key Features | Developer |
|---|---|---|---|
| Freedom Plaza | South of United Nations | Casino,park,museum,housing (50% affordable),community fund | Soloviev Group |
| Times Square Casino | 1515 Broadway | Repurposed building into hotel,gaming,entertainment destination | SL Green (with Caesars Entertainment & Jay-Z’s Roc Nation) |
| The Avenir | Near Javits Center | Integrated architectural design | Silverstein Properties |
Which proposal do you think offers the most benefit to the city and its residents?
The Enduring Appeal of Casinos
Casinos have long been seen as economic engines,attracting tourists and generating significant tax revenue. Though, they also raise concerns about problem gambling, crime, and community impact.
According to the American Gaming Association, commercial gaming revenue hit a record $66.5 billion in 2023. This highlights the immense financial potential that casinos represent for states and localities.
frequently Asked Questions About the Manhattan Casino Debate
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