"Times Square has always represented the cultural and economic pulse of New York City. From the lights of Broadway to the global draw of entertainment and tourism, the district is synonymous with opportunity and spectacle. The latest proposal to shape its future-Caesars Palace Times Square (CPTS)-has captured citywide attention, drawing endorsements from business leaders, unions, residents, and cultural icons. With public hearings now concluded, the majority of testimony points to widespread support for the $5.4 billion project, backed by SL Green Realty, Caesars Entertainment, Roc Nation, and Live Nation."
"Shawn "JAY-Z" Carter, one of the project's most high-profile partners, summarized the vision clearly: "With Caesars Palace Times Square, we're investing in this community, creating real opportunities, and building on the legacy of the world's crossroads. Our plan delivers generational economic growth." Public Support Echoes Through Hearings Two in-person public hearings and thousands of written submissions underscored the level of excitement surrounding the proposal. Hundreds of residents, small business owners, Broadway workers, and union members voiced their approval in person, while many more were turned away due to capacity. Thousands more submitted written testimony to the Community Advisory Committee."
"Economic Impact: Jobs and Investment The economic case for CPTS is difficult to ignore. Projections indicate that the project will create over 13,100 jobs in local restaurants, hotels, entertainment venues, and retail stores. In addition, more than 3,000 construction jobs and 3,800 permanent"
Caesars Palace Times Square is proposed as a $5.4 billion redevelopment of Times Square backed by SL Green Realty, Caesars Entertainment, Roc Nation, and Live Nation. The proposal secured endorsements from more than 300 organizations and drew thousands of written submissions alongside packed public hearings, with hundreds of residents, small business owners, Broadway workers, and union members voicing support. Projections estimate creation of over 13,100 jobs across local restaurants, hotels, entertainment venues, and retail, plus more than 3,000 construction jobs. Partners emphasize community investment, opportunity creation, and generational economic growth.
Read at stupidDOPE | Est. 2008
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