Times Square property owners support Caesars Palace Times Square casino bid
Ten property owners have joined together to support the proposal.
Ten Times Square property owners have joined together in support of the proposal to bring a Caesars Palace Times Square casino to 1515 Broadway.
Jamestown and Sherwood Equities believe the new venue would enhance the neighborhood and contribute to its legacy as New York’s global entertainment district.
On top of that pair, 5 Times Square, Paramount Building, Soho Properties, Moinian Group, Wharton Properties, RFR, Ian Schrager Company and Stillman Development are also part of this coalition supporting SL Green’s proposal, in partnership with Roc Nation and Caesars Entertainment.
The proposed facility would take up eight floors and include 250,000 square feet of gaming space, as well as 950 hotel rooms, entertainment and restaurant space.
SL Green and Caesars Palace have also committed that part of the gaming revenue will go towards added security, sanitation and traffic investments in the area.
The Coalition for a Better Times Square said: “As our coalition continues to grow, two things are clear: a new gaming facility in Times Square has broad support from its neighbors and the current proposal for a new entertainment destination at 1515 Broadway would bring enormous benefits to the neighborhood and its local small businesses.
“We look forward to continue fighting for a cleaner and safer Times Square and investing in the future of a neighborhood we all hope remains the center of the entertainment world in New York City.”
In April it was reported that there was some opposition to Caesars Times Square casino by a coalition comprised of organizations in the area, with their main concern being about a potential lack of business for local venues, if the casino came into place.
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