Casino Bids Heat Up on the West Side
The competition for New York’s final gaming licenses is intensifying, highlighted by two billion-dollar casino bids on the West Side. This week, Caesars Palace Times Square made headlines with a surprising $22.5 million commitment to Manhattan Plaza. With six members on the Community Advisory Committees (CACs) and public hearings around the corner, Hell’s Kitchen is a focal point in this process.
Community Advisory Committee Meetings
This month, both The Avenir, backed by Silverstein Properties, and Caesars Palace Times Square, supported by SL Green, held their inaugural CAC meetings. These committees are responsible for assessing each casino submission and determining if they will move forward to the state review stage. A notable point from these meetings was the clear takeaway: “Four people need to say yes.”
Committee Structure and Voting Dynamics
Each CAC comprises six members appointed by local officials, including the Governor, Mayor, and relevant District Councilmember. To advance a proposal, a two-thirds majority is required, translating to at least four supporting votes. While Governor Kathy Hochul and Mayor Eric Adams are generally supportive of casino development, some state legislators have expressed concerns that could complicate the voting process.
Public Hearings and Community Engagement
The Avenir has emphasized its housing plan, which includes 25% affordable units, while Caesars Palace Times Square is leveraging cultural investments, exemplified by JAY-Z’s involvement. The engagement with local communities continues, with a commitment to building relationships and addressing concerns directly during public hearings scheduled for August and September.
Investment Commitments
In addition to their primary proposals, both bidders are making financial commitments to local organizations. The Caesars team announced a $22.5 million pledge over 15 years to support the Manhattan Plaza community. Similarly, The Avenir has articulated its plans to redirect a portion of its profits to local nonprofits, demonstrating an eagerness to engage with and uplift the community.
Addressing Community Concerns
In response to concerns about traffic and emergency services, The Avenir cited logistical advantages, while Caesars offered a 24/7 Ambucycle™ EMT service to enhance response times. The outcome of these proposals will not only impact the immediate area but also shape the character of Hell’s Kitchen and Times Square moving forward.
The Importance of Councilmember Bottcher’s Vote
As final recommendations will soon follow public hearings, the votes of the CAC members carry significant weight. Councilmember Erik Bottcher’s decision could prove critical in determining the fate of these casino proposals, making it essential that community support is sincerely garnered before any movement forward.
