Following backlash, Hudson Yards drops casino plans The developers behind a potential casino planned for Hudson Yards have dropped the plans following “persistent opposition” to the proposal. As Archinect reported in February 2024, Related..."> Following backlash, Hudson Yards drops casino plans The developers behind a potential casino planned for Hudson Yards have dropped the plans following “persistent opposition” to the proposal. As Archinect reported in February 2024, Related..." /> Following backlash, Hudson Yards drops casino plans The developers behind a potential casino planned for Hudson Yards have dropped the plans following “persistent opposition” to the proposal. As Archinect reported in February 2024, Related..." />

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Following backlash, Hudson Yards drops casino plans

The developers behind a potential casino planned for Hudson Yards have dropped the plans following “persistent opposition” to the proposal. As Archinect reported in February 2024, Related Companies and Wynn Resorts had submitted plans for Phase Two of Hudson Yards, with two scenarios for development. One of the scenarios included a five-story gaming/resort podium.
“After careful consideration, we have decided not to lodge an application for a gaming license in New York City,” Wynn Resorts said in a statement. “The recent rezoning process has made it clear to us that there are uses for our capital more accretive to our shareholders, such as investment in our existing and upcoming developments and stock buybacks, than investing in an area in which we, or any casino operator, will face years of persistent opposition despite our willingness to employ 5,000 New Yorkers.”
When revealed last year, the development plans prompted opposition from the founders of The High Line, which would hav...
#following #backlash #hudson #yards #drops
Following backlash, Hudson Yards drops casino plans
The developers behind a potential casino planned for Hudson Yards have dropped the plans following “persistent opposition” to the proposal. As Archinect reported in February 2024, Related Companies and Wynn Resorts had submitted plans for Phase Two of Hudson Yards, with two scenarios for development. One of the scenarios included a five-story gaming/resort podium. “After careful consideration, we have decided not to lodge an application for a gaming license in New York City,” Wynn Resorts said in a statement. “The recent rezoning process has made it clear to us that there are uses for our capital more accretive to our shareholders, such as investment in our existing and upcoming developments and stock buybacks, than investing in an area in which we, or any casino operator, will face years of persistent opposition despite our willingness to employ 5,000 New Yorkers.” When revealed last year, the development plans prompted opposition from the founders of The High Line, which would hav... #following #backlash #hudson #yards #drops
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Following backlash, Hudson Yards drops casino plans
The developers behind a potential casino planned for Hudson Yards have dropped the plans following “persistent opposition” to the proposal. As Archinect reported in February 2024, Related Companies and Wynn Resorts had submitted plans for Phase Two of Hudson Yards, with two scenarios for development. One of the scenarios included a five-story gaming/resort podium. “After careful consideration, we have decided not to lodge an application for a gaming license in New York City,” Wynn Resorts said in a statement. “The recent rezoning process has made it clear to us that there are uses for our capital more accretive to our shareholders, such as investment in our existing and upcoming developments and stock buybacks, than investing in an area in which we, or any casino operator, will face years of persistent opposition despite our willingness to employ 5,000 New Yorkers.” When revealed last year, the development plans prompted opposition from the founders of The High Line, which would hav...
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