"Metropolitan Park, which represents a joint venture from Mets owner Steve Cohen and Hard Rock International, would transform 50 acres of Citi Field parking lot into a sprawling complex featuring a 25-acre public park, new shops and restaurants, a Taste of Queens food hall, and a full-scale redevelopment of the Mets-Willets Point subway station, along with improvements to roads and bike paths."
"According to an executive summary of material filed with the state, Metropolitan Park will generate an estimated $33.5 billion in tax revenue across a 30-year period, while the project will generate an estimated 17,100 direct construction jobs and a further 25,000 indirect and induced construction jobs. The resort itself will create roughly 6,000 permanent jobs, including over 2,000 part-time positions."
Metropolitan Park is a joint venture between Mets owner Steve Cohen and Hard Rock International to redevelop 50 acres of Citi Field parking into a mixed-use complex. The plan includes a 25-acre public park, shops, restaurants, a Taste of Queens food hall, and a full-scale redevelopment of the Mets-Willets Point subway station, plus road and bike path improvements. The project centers on a Hard Rock resort and casino and projects $33.5 billion in tax revenue over 30 years. Construction is expected to produce 17,100 direct jobs and 25,000 indirect jobs, with roughly 6,000 permanent resort jobs. The development projects $3.9 billion annual revenue by year three and estimated $850 million in annual tax revenue at that time, and includes a proposed $500 million upfront license payment.
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