Hudson Yards developer Jeff Blau reveals revised $10B casino bid
Related Companies has unveiled a new plan for its proposed Hudson Yards casino mega-complex, which includes two skyscrapers and a $10 billion development project. The 3 million-square-foot Wynn-branded “resort” tower and a 1,700-room hotel, which will serve the now-struggling Javits Center, will be the centerpiece of the new development plan. The tower will accommodate table games such as blackjack, craps, poker and roulette, as well as high-end restaurants and shops. The developers also plan to retain a previously announced 5.5-acre public green park connected to the High Line, a public school for the area, a 1-million square-foot rental apartment tower, and an additional 2 million-square-foot office tower in the undeveloped 6.5-acre portion of Hudson Yards between 11th and 12th Avenues. The development firm hopes to win the gaming license, with the final proposals due in the fall.
FAQs:
What is the proposed Hudson Yards casino mega-complex?
The Hudson Yards casino mega-complex is a proposed $10 billion development project that includes two gleaming skyscrapers and a 3 million-square-foot Wynn-branded “resort” tower, which will house a 1,700-room hotel to serve the now-struggling Javits Center.
What will be included in the Wynn-branded “resort” tower?
The Wynn-branded “resort” tower will include table games such as blackjack, craps, poker and roulette, as well as high-end restaurants and shops.
What else is included in the development project?
The developers plan to retain a 5.5-acre public green park connected to the High Line, a public school for the area, a 1-million square-foot rental apartment tower, and an additional 2 million-square-foot office tower in the undeveloped 6.5-acre portion of Hudson Yards between 11th and 12th Avenues.
What is the proposed location of the development project?
The western half of Hudson Yards will be developed for this project and no buildings or people will be disrupted as the area is currently empty.
What is the timeline for the project?
The final proposals for the gaming license are due in the fall after the suitors meet with the state in July. The state’s Gaming Commission, controlled by Governor Kathy Hochul, is expected to announce the winners by the end of the year.
What are the chances of the project being approved?
The site review board, consisting of six members including Governor Hochul and New York City Mayor Eric Adams, will vote on whether Related’s proposal moves forward for one of the three downstate casino licenses. One member, State Sen. Brad Hoylman-Sigal, is reportedly not in favor of the development, while others have expressed support.
Jeff Blau, the Developer of Hudson Yards, Presents Reworked Casino Proposal Valued at $10 Billion.
Related Companies has revealed its plan to build a $10bn mega-complex at Hudson Yards for a casino. Two skyscrapers have been proposed as part of the development plan, which will see a Wynn-branded “resort” tower occupying 3 million square feet and a 1,700-room hotel for the struggling Javits Center also housed in the skyscraper. Table games such as blackjack, craps, poker and roulette will occupy 250,000 square feet of the tower along with high-end restaurants and specialty shops in the hope of offering a versatile gambling experience that will attract both high rollers and smaller scale bettors.
Related CEO Jeff Blau expressed confidence in the proposal, saying, “for these reasons we feel we’re in a good position with the best proposal. We’re looking to win.” Blau’s optimism is also buoyed by competing proposals falling by the wayside, including frontrunner Steve Cohen’s rejected gambling and entertainment complex proposal as well as Bally’s bid to place a gambling den on Donald Trump’s golf course in the Bronx.
However, competition still persists in the form of Long Island and Sands’ proposal to build a casino on the Nassau Coliseum grounds, which gained local approval last week. Despite support, criticism has been levied from State Sen. Brad Hoylman-Sigal whose district covers Hudson Yards amidst concerns over Related Company’s proposal to turn green space into a massive resort.