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  #221  
Old Posted Oct 6, 2022, 3:39 PM
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Originally Posted by JMKeynes View Post
There’s zero chance that the Dolans will move to NJ. It’s my understanding that when the operating permit expires, MSG can’t be used for hosting events. A new arena on the western yards would be ideal.
Because you believe that dorsn’t make it so. I remember some idiot came up with the idea that they should do just that. An arena over the railyards would just be another stadium battle. It’s not as if people are going to rejoice for another structure they say will cut the city off from the river. And that’s without the fact that a removed MSG will open up the site finally for new towers. A moved MSG is not the mahic bullet people somehow think it would be.

Now, as far as the casino proposal goes, Related says that it would be built along with what was already promised for the site, though a casino itself would need approval.


https://therealdeal.com/2022/07/25/d...h-to-move-msg/

Quote:
The Hudson Yards developer pitched a design for a new arena, this time built above a casino in the fast-developing Midtown West neighborhood, but MSG directors disliked the idea, Crain’s reported Monday.


https://www.ny1.com/nyc/manhattan/po...itical-hurdles

Quote:
…Assemblyman Richard Gottfried, who said in an interview Friday, “I don’t think a casino belongs in Manhattan.”

Gottfried is retiring at the end of the year, so any decision-making would likely fall to his successor. But others also have concerns.

In particular, they note Related’s prior commitments on the site.

“We were promised years ago when that project first launched a school, affordable housing, open space,” Hoylman said. “So we’re not willing to relinquish any of that.”

A Related spokesman said those elements would still be included in the development, even if the casino goes forward.
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  #222  
Old Posted Oct 19, 2022, 11:08 PM
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https://www.nytimes.com/2022/10/19/n...quare.amp.html

Times Square May Get One of the Few Spectacles It Lacks: A Casino
The battle to win a New York City casino license has heated up in Manhattan, with real estate and gambling giants offering competing proposals for Times Square and Hudson Yards.



By Dana Rubinstein, Nicole Hong and Michael Paulson
Oct. 19, 2022


Quote:
Times Square, New York City’s famed Crossroads of the World, could hardly be considered lacking. It has dozens of Broadway theaters, swarms of tourists, costumed characters and noisy traffic, all jostling for space with office workers who toil in the area.

Now one of the city’s biggest commercial developers is pitching something that Times Square does not have: a glittering Caesars Palace casino at its core.
Quote:
The developer, SL Green Realty Corporation, and the gambling giant Caesars Entertainment are actively trying to enlist local restaurants, retailers and construction workers in joining a pro-casino coalition, as the companies aim to secure one of three new casino licenses in the New York City area approved by state legislators earlier this year.

The proposal has enormous implications for Times Square, the symbolical and economic heart of the American theater industry, and a key part of the city’s office-driven economy.
Quote:
A casino in Times Square faces substantial obstacles. There is already a competing bid for a casino in nearby Hudson Yards from another pair of real estate and gambling giants, Related Companies and Wynn Resorts.

And with casino bids also taking shape in Queens and Brooklyn, there is no assurance that the New York State Gaming Commission will place a casino in Manhattan, let alone Times Square, one of the world’s more complex logistical and economic regions.

Few things change in Times Square without notice or protest. When the city installed pedestrian plazas in the area more than a decade ago, the move was widely condemned and even lampooned by late-night talk show hosts, before being eventually embraced as an innovative foray in urban design. When the neighborhood’s army of costumed characters gained a reputation for aggressive solicitation, the city restricted them to designated “activity zones,” raising free speech concerns.
Quote:
Now critics worry that putting a casino at 1515 Broadway, the SL Green skyscraper near West 44th Street, would alter the character of a neighborhood that can ill afford to backslide toward its seedier past, and further overwhelm an already crowded area.

In a copy of a letter soliciting support for the casino, which was obtained by The New York Times, the companies promised to use a portion of the casino’s gambling revenues to fund safety and sanitation improvements in Times Square, including by deploying surveillance drones.

Yet the idea of a casino has already found an influential opponent: the Broadway League, a trade association representing theater owners and producers. On Tuesday, the league sent an email to its members saying it would not welcome a casino to the neighborhood.

“The addition of a casino will overwhelm the already densely congested area and would jeopardize the entire neighborhood whose existence is dependent on the success of Broadway,” the league said in a statement. “Broadway is the key driver of tourism and risking its stability would be detrimental to the city.”
Quote:
For New York, Times Square is an important financial engine — the city relies heavily on tourists to spend money at the neighborhood’s hotels, restaurants, stores and entertainment venues.

Last week, there were 27 shows running on Broadway, seen by 225,731 people and grossing $29 million; in the comparable week in October 2019, before the pandemic, there were 34 shows running that were seen by 286,802 people and grossed $35 million.
Quote:
Still, the Actors’ Equity Association, the labor union representing actors and stage managers, is among those supporting the casino bid, suggesting a contentious road ahead for a proposal that will face a lengthy approval process.


“The proposal from the developer for a Times Square casino would be a game changer that boosts security and safety in the Times Square neighborhood with increased security staff, more sanitation equipment and new cameras,” Actors’ Equity said in a statement. “We applaud the developer’s commitment to make the neighborhood safer for arts workers and audience members alike.”
Quote:
In their letter seeking support for the casino, SL Green and Caesars said that gambling revenues could be used to more than double the number of “public safety officers” in Times Square and to deploy surveillance drones.

The letter said a new casino would result in more than 50 new artificial intelligence camera systems “strategically placed throughout Times Square, each capable of monitoring 85,000+ people per day.” The safety plans were developed by former New York Police Commissioner Bill Bratton, according to SL Green.

Mr. Bratton did not respond to a request for comment.

“As New Yorkers, it’s incumbent on us to keep making sure Times Square is keeping up with the times, and doesn’t go back to what I’ll call the bad old days of the ’70s or the early ’90s,” said Marc Holliday, the chief executive of SL Green. “And we all remember what that was like, when it comes to crime, and, you know, open drug use.”
Quote:
The casino is expected to include a hotel, a wellness center and restaurants, right above the Broadway theater that is home to “The Lion King” musical and a stone’s throw from the site of the ball drop on New Year’s Eve.

Two existing “racinos” — horse racetracks with video slot machines but no human dealers — are considered front-runners for two of the three licenses: Genting Group’s Resorts World New York City in Queens and MGM Resorts International’s Empire City Casino in Yonkers, N.Y.

The competition for the third license features many of the country’s major casino companies. Steven Cohen, the owner of the New York Mets, has been talking with Hard Rock about a casino near the baseball team’s stadium in Queens. Las Vegas Sands has been finalizing plans for its preferred casino location in the area, and Bally’s Corporation has been scouting for a development partner.

The Wynn-Related proposed casino would be on the undeveloped western portion of the Hudson Yards, which was supposed to be completed by 2025 and include residential units and parks. Related, the developer of Hudson Yards, said it plans to fulfill all of its prior housing and public space commitments for the area.
Quote:
In a private pitch deck obtained by The Times, Wynn and Related wrote that Hudson Yards, near the Javits Center, was the ideal location to target “diverse upscale” guests for a casino resort complex.

“Because it attracts the upper tier of gaming consumers, Wynn is able to dedicate less than 10 percent of its resort space to gaming, yet still generate significant gaming revenue and tax benefits for municipalities,” reads a slide in the deck.

The deck also features photos of an outdoor man-made waterfall — and of a couple enjoying cocktails while watching a cigarette-holding animatronic frog, apparently from Wynn’s “Lake of Dreams” show.


In their pitch letter, SL Green and Caesars said the casino was a “once in a lifetime opportunity to once again solidify Times Square as the world’s greatest entertainment area.”
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  #223  
Old Posted Oct 20, 2022, 4:44 AM
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he deck also features photos of an outdoor man-made waterfall — and of a couple enjoying cocktails while watching a cigarette-holding animatronic frog, apparently from Wynn’s “Lake of Dreams” show.

Oct. 19, 2022
OMG this is what solidified this most shadey of shadies deal for me!
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  #224  
Old Posted Oct 20, 2022, 12:21 PM
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I think that any casino at the HY will be very high-end. I hope that it gets the green light.
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  #225  
Old Posted Oct 20, 2022, 12:24 PM
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Imagine with me if you will a possibly 1000’ high cascade as the centerpiece of the combined resi/entertainment portion of the Yards.

The mind reels…
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  #226  
Old Posted Oct 20, 2022, 1:30 PM
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Imagine with me if you will a possibly 1000’ high cascade as the centerpiece of the combined resi/entertainment portion of the Yards.

The mind reels…
The mind thinks about a strong breeze blowing such a cascade all over the streets and sidewalks below.
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  #227  
Old Posted Oct 20, 2022, 5:03 PM
Prezrezreturns Prezrezreturns is offline
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Hmmmmhh…Didn’t reckon on that.

Maybe if they added some kind of mitigating structural element.
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  #228  
Old Posted Oct 20, 2022, 5:31 PM
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Some kind of water or light show should be mandatory. But when it comes to a major casino in Manhattan, really only two places make sense - Times Square, and the Hudson Yards. When you break it down to practicality, then it’s just the Hudson Yards.

The proposal at 1515 Broadway won’t really offer the large floors I think you need. It’s right in the middle of Times Square, which already has overcrowding, and doesn’t need a draw, especially being the heart of the theater district. It would be a nice location for a secondary casino. But even though you will find New Yorkers in Times Square, many NYers try to avoid it completely. So you’re already cutting off some customers. Not that you would have any room to accomodate them in a cramped Times Square casino.

The blank slate of the Hudson Yards, which is like a new Times Square minus the lights, offers room for both larger floors and a distinctive casino destination. You want waterfalls, you got it. I also feel Coney Island, which was really the first of this kind of thing, should get one.
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  #229  
Old Posted Oct 20, 2022, 7:31 PM
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SLG seems to want to shoehorn it into the existing Marriott Marquis. I’d rather it go into a new tower at the HY.
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  #230  
Old Posted Oct 20, 2022, 7:47 PM
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SLG seems to want to shoehorn it into the existing Marriott Marquis. I’d rather it go into a new tower at the HY.
Any Times Square casino is going to be in an existing building. Even Vornado’s Herald Square proposal woukd be in an existing building. We need a new casino to open in a space specifically designed for such use, with enough room to do it. The one thing against Related is the time to get it up and running. But they could open something temporarily in the Neiman Marcus space if that’s still available.



https://www.bloomberg.com/news/artic...r-neiman-store

Hudson Yards Developer Finds Office Tenants for Neiman Marcus Store


By Natalie Wong and David Westin+Follow
February 4, 2022


Quote:
Related Cos., the developer behind the Hudson Yards project, has found potential tenants for the former Manhattan home of Neiman Marcus, which is being converted into offices after the luxury retailer shuttered the store.
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