realestate

NYC Casino Battle: Unions, Real Estate, and Broadway Interests Clash

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s the bidding deadline for New York City's first casino looms, developers are scrambling to win over support from a diverse range of stakeholders. Rallies were held across the city on Thursday, with supporters and opponents of eight different proposals gathering in Times Square.

    Local 79 union members rallied alongside local businesses in favor of a Caesar's Palace proposal by RocNation and SL Green, which has pledged to work with union construction workers. "The developer has a track record of working with Union Laborers," said Local 79 member Noel Holliday. "That's why we need this project."

    However, the Broadway community is strongly opposed to the plan, citing concerns that a casino would harm the neighborhood. "We don't need a casino to bring this neighborhood back," said Jason Laks, President of the Broadway League. "A casino in the heart of Times Square would only set this area back."

    Another proposal, Freedom Plaza, has been touted as a more comprehensive development that would include affordable housing, a museum, and a public park, with the casino located underground. Developer Soloviev's CEO Michael Hershman claimed it would bring union jobs and accessible green space to the area.

    But laborers expressed concerns about building affordable housing next to casinos and schools, pointing out that the area is close to residential neighborhoods. "You're going to build affordable housing next to casinos, schools next to casinos," said Mike Hellstrom, vice president of Local 79. "I don't know about you but I don't want my sons and daughters going to school next to a casino."

    All proposals include surrounding community donation funds of around $250 million. The state Gaming Facility Location Board will announce its final decision on December 1, with three casino licenses up for grabs.

New York City casino development sparks union, real estate, and Broadway industry conflict.