NYC Planning Commission Green Lights Proposed Hudson Yards Casino Project
The field of developers vying for one of the three downstate casino licenses that New York State plans to award by the end of 2025 is a total count of 10, following the recent withdrawal by Saks Global of a proposed casino atop the Saks Fifth Avenue flagship store at 611 Fifth Avenue. All proposals have sparked a mix of support and opposition, with some anticipating that two of the licenses will be awarded to existing betting facilities – Genting Group’s Aqueduct Racetrack site in Jamaica, Queens and MGM Resorts’ Empire City Casino in Yonkers. Each proposal must “undergo the monthslong environmental reviews under city and state law to study their potential impact. Most recently the proposed Hudson Yards West mixed-use development by the team of Related Companies, Oxford Properties Group and Wynn Resorts received approval from the New York City Planning Commission (DCP), “moving the proposal into the final stage.” Submissions by the team of Mets owner Steve Cohen and Seminole Hard Rock, Thor Equities and Saratoga Casino Holdings, and RXR Realty and Las Vegas Sands have also either completed their environmental reviews or they are substantially done. However, due to what has been reportedly described as the “state’s sluggish progress in starting time-consuming environmental reviews,” some bids could be disqualified if they are unable to have their local land-use issues resolved by the September 30, 2025 deadline set by the state, including SL Green’s Times Square proposal, Silverstein Properties Far West Side proposal, and Soloviev Group’s proposed project near the United Nations on the east side of Manhattan. Starting in 2026, the state is reportedly counting on collecting the “hefty tax revenues and license fees” from the three new casinos, but any further delay of the process would be “unwelcome news to the developers and gaming companies that have been waiting impatiently”
Source: https://newyorkyimby.com/2025/04/hudson-yards-west-recieves-approval-in-manhattan.html