BREAKING: Jay-Z-backed Times Square casino bid killed by committee | amNewYork
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BREAKING: Jay-Z-backed Times Square casino bid killed by committee | amNewYork
"Rendering shows the proposed Times Square casino complex, which developers say would feature a 150,000-square-foot gaming floor, luxury hotel rooms, celebrity-chef restaurants and a renovated Broadway theater. Photo courtesy of Caesar's Place Times Square The JayZbacked Caesars Palace Times Square casino bid was voted down by the Community Advisory Committee on Wednesday, 4-2. Representatives for Mayor Eric Adams and Gov. Kathy Hochul were the only members of the politically appointed committee to back the bid."
"Laura Smith, appointed by Adams, criticized the committee for holding the vote less than a week after the proposal's final public hearing, saying two weeks of deliberations had been squandered. Associates from SL Green Realty, Caesars Entertainment, and Jay-Z's Roc Nation stormed out of the Times Square office where the vote was held after one of the executives lambasted the committee."
"A casino can go anywhere, but Broadway only lives here. We are so filled with gratitude for the committee members and the local elected officialsState Senator Liz Krueger, Assembly Member Tony Simone, Borough President Mark Levine and Council Member Erik Bottcherwho looked at the facts, listened to the residents, and stood up for this neighborhood and the theater community, said Laks."
The Jay-Z-backed Caesars Palace Times Square casino proposal would have included a 150,000-square-foot gaming floor, luxury hotel rooms, celebrity-chef restaurants, and a renovated Broadway theater. The Community Advisory Committee voted 4-2 to block the bid from advancing; only representatives appointed by Mayor Eric Adams and Gov. Kathy Hochul supported it. The committee faced a Sept. 30 deadline to decide, and one member criticized the brief deliberation period. Executives from SL Green, Caesars, and Roc Nation walked out after tensions rose. Strong opposition from the Broadway community and local elected officials factored into the decision.
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