Soloviev Group CEO comments on failed Freedom Plaza proposal in Manhattan
The New York Community Advisory Committee officially rejected the bid for a casino license on September 22 after just two of the Committee’s six members voted for the proposal to pass.
Key Points
- The Committee also rejected Caesars and SL Green Realty Corporation’s proposal for a Times Square casino on September 17, leaving two bids still awaiting approval in New York
- Hershman stated the company was “humbled” by the support shown for the Freedom Plaza project, and believes Manhattan “deserved” a fully integrated resort to attract visitors
Soloviev Group CEO Michael Hershman has issued a statement following the New York Community Advisory Committee’s rejection of the company’s Freedom Plaza casino project in Manhattan, originally developed in partnership with Mohegan.
“We have been humbled by the overwhelming support expressed by neighbors, community and civic organizations and our faith, labor and workforce partners,” Hershman said.
“We believe they recognized what we did – Freedom Plaza was a transformative project that promised benefits that our community deserved and was built upon a sustained engagement with neighbors, civic leaders and stakeholders across the city that recognized this once-in-a-generation opportunity.”
The New York Community Advisory Committee officially rejected Soloviev Group and Mohegan’s bid for a casino license on September 22 after just two of the Committee’s six members voted for the proposal to pass.
The Committee also rejected Caesars Entertainment and SL Green Realty Corporation’s proposal for a Times Square casino following a vote held on September 17, leaving two bids still awaiting approval in New York.
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Hershman continued: “We are proud of our partnership with Mohegan and the vision that informed this project that would have revitalized Midtown East and delivered for workers, residents and organizations across this city.
“Manhattan is the undisputed capital of the world, and it deserved a fully integrated resort that would have attracted visitors while serving the needs of its community.”
Votes for a casino proposal in Queens, New York led by Hard Rock International and New York Mets Owner Steve Cohen as well as Bally’s Corporation’s bid for a facility in the Bronx are currently scheduled for the week of September 29.
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