In response to strong local opposition, the developers of the $12 billion Hudson Yards casino plan pledged to contribute 1% of gross revenues, amounting to $197 million over a decade, to community programs. They promise additional charitable donations totaling $6.5 million prior to opening. Amid community concern, including from the Friends of the High Line, the developers assert that their initiatives will uplift the Hudson Yards and surrounding Chelsea neighborhoods, providing funding for social services, job training, and food programs, aiming to improve overall quality of life for residents.
The Wynn NYC-Related Companies' pledge would mean $197 million over 10 years - in addition to another $6.5 million to be donated to charitable groups even before opening.
The Wynn New York City Community Foundation will have a $4 million annual budget, and its board will include community representatives to ensure philanthropic requests are fulfilled efficiently.
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