"A state-commissioned community advisory committee brought the curtain down on the $5.4 billion plan to redevelop an office tower into a Caesars-branded hotel, gambling and entertainment complex, rejecting it in a vote that occurred after public hearings in which the Broadway League, actors, stagehands, restaurant owners and neighborhood residents lined up to oppose the project. Marc Holliday, CEO of SL Green, which was the project's primary developer and property owner, torched the decision following the brief vote in a small conference room overlooking Times Square."
"Local board approval was required for the proposal to be considered by the state Gaming Commission, which plans to award up to three licenses for New York City-area casinos in December. The fight over the casino was largely about whether an influx of gambling tourists would help, or hurt, a theater district still recovering from the COVID-19 pandemic."
A proposed $5.4 billion Caesars-branded hotel, gambling and entertainment complex at 1515 Broadway was rejected by a state-commissioned community advisory committee after public hearings. The redevelopment plan would have renovated an office tower that houses the Minskoff Theatre, home of The Lion King. Developers included SL Green and Roc Nation, and backers reportedly included prominent figures such as the Rev. Al Sharpton and Bill Bratton. Broadway owners, producers, theatrical unions, restaurant operators and neighborhood residents opposed the proposal, citing concerns about negative impacts on the theater district. Local approval was required before state Gaming Commission consideration, which will award licenses in December.
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