The proposed Metropolitan Park would also include public space, a food hall, and athletic fields.
That’s what Steve Cohen, the owner of the New York Mets, is hoping. The hedge funder is partnering with Hard Rock International on a bid to open an $8 billion casino and entertainment complex near the Mets’ stadium in Queens, Bloombergon Tuesday. While Cohen has stated his plan to build a casino in the past, this is the first time details have been released.Cohen and his partners—which include Hard Rock and Shop Architects—are calling the project Metropolitan Park.
A long road awaits until then, though. New York hasn’t set a deadline for casino proposals to be submitted, and at least a dozen other applicants have already thrown their hat in the ring. That includesin May about its intention to open a casino in Times Square. Despite the demand to build, the state can only give out three licenses, so many of those plans will never come to fruition.
Even if Cohen’s proposal was one of the most viable, it faces several roadblocks . The Mets owner’s most immediate issue seems to be that the proposed site sits on state-owned parkland. Cohen would need to get approval from the legislature to annex the land, and while a bill was introduced last year to that effect, it hasn’t yet been brought to a vote.
Beyond that, Cohen’s plan would have to get approved by a majority of members on a board that is comprised of local elected officials from the district where the casino would be built. If he passes that hurdle, the state gaming-location board must then decide whether Metropolitan Park is worthy of one of the three licenses.
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