Comments
wsj OP t1_j5vteaz wrote
Caesars wants to do Times Square:
>Caesars Entertainment Inc. and office landlord SL Green Realty Corp. have proposed converting a Times Square office tower into a hotel and casino. It would cater to Midtown office workers and tourists who already come to the area, said Brett Herschenfeld, an SL Green executive vice president.
ECK-2188 t1_j5vwx65 wrote
Will these potential casino(s) revenues help contribute to the nyc fiscal budget?
Mainly: Lowering overall nyc residents city income Tax?
Not likely right? Haha
wsj OP t1_j5w93od wrote
Here's what our reporter had to say:
>they will contribute to the state fisc, but the exact tax rates are parts of their bids. So TBD!
>
>But my guess is it won’t have enough of a fiscal impact to be used to lower income taxes.
ECK-2188 t1_j5wd0k2 wrote
Better luck hitting the powerball than this city lowering our taxes.
wsj OP t1_j5w7pz8 wrote
That's a great question — I'll reach out to the reporters and see what they think.
thebruns t1_j5xfkx4 wrote
Yeah sure look at Atlantic city I hear it's wonderful
George4Mayor86 t1_j5ygxj4 wrote
That and Coney Island.
mowotlarx t1_j5v8z8e wrote
A casino at the UN is incredibly bleak.
Rottimer t1_j5vxaka wrote
That area has space though. There is a huge empty lot just south of the UN that’s tied up in litigation over a family feud. Maybe it can be eminently domained.
awesomeyo9876 t1_j5yt2k6 wrote
Eminent Domain to build a casino, what has this world come to
pixel_of_moral_decay t1_j5yv21i wrote
That’s basically how Atlantic City came into existence.
Rottimer t1_j5yv1yv wrote
I’m half joking. I’d probably protest that as well unless the casino (and its proceeds) was owned by the city.
Danny_Ocean_11 t1_j6154hj wrote
Didn’t they do this in that show billions to that empty lot near the UN?
Sk8ngWST t1_j5w8w69 wrote
Yea i saw that huge empty lot while driving, it has hugee potential being nxt to the fdr and the river ferry, so do u know who the real owners are?
ssn156357453 t1_j5wq36t wrote
Solow
Same-Helicopter-1210 t1_j5xdmrk wrote
That would be a massive foundation to work on. I probably think that's one of the few massive empty lots in midtown these days no??
George4Mayor86 t1_j5ygvn7 wrote
Fuck the UN though. We get next to no benefit from it and have to play host to a pack of dictators every year.
NiemandDaar t1_j604gdn wrote
Apparently the UN’s presence contributes $1bln a year to the NYC economy.
earlymountainrain t1_j5vw1th wrote
A Bloomberg Terminal behind the Wendy's on East 14th would do well.
MerrillSwingAway t1_j5v40dn wrote
lol this city dry humped OTB out of existence, and that was a license to print money
wsj OP t1_j5v3ybq wrote
Hey everyone, Maddie here from the WSJ. We have a story out today on the future of gambling in the city and I thought you might find it interesting:
Gambling companies are competing to build a casino in Manhattan, but local officials could force projects to move outside the heart of the city.
From Jimmy Vielkind and Katherine Sayre:
>Real-estate and casino developers are pitching several sites in midtown Manhattan, including on the top floors of the Saks Fifth Avenue across from Rockefeller Center and in the very heart of Times Square. It’s vital to be near the city center to draw the right mix of tourists and wealthy clients, they said.
>
>For years, New Yorkers have had to leave the city limits to gamble at full-fledged casinos in Atlantic City or rural Connecticut. Four casinos in upstate New York have opened since 2014. Now, state gambling regulators are conducting a competitive bid process for three downstate licenses. Industry players expect two will go to video-slot parlors that already operate in Yonkers and another near John F. Kennedy International Airport in Queens—essentially leaving only one up for grabs.
>
>…State and local officials who represent midtown Manhattan have been openly skeptical about casinos, though they haven’t shut the door entirely. Construction of housing is a more pressing concern in a part of the city where the median monthly rent now exceeds $4,000.
>
>“There’s going to be an uphill road for any site in Manhattan,” said Manhattan Borough President Mark Levine, a Democrat.
Read more, free with email registration: https://www.wsj.com/articles/a-casino-at-saks-times-square-or-the-u-n-companies-pitch-nyc-officials-11674654233?mod=wsjreddit
LunacyNow t1_j5winud wrote
So the Amazon HQ2 serving as the tech hub for the organization - with many high paying jobs - was no good. But a casino? Great idea. Let's vacuum up money from the people who can least afford to lose it! This state is run by a bunch of cretins.
Same-Helicopter-1210 t1_j5xdu9a wrote
Our local leaders would still tell us we have to raise your taxes even though we have casinos generating XYZ per year!!! It's just shameful to think how the average worker also gets bent over but not the %1
drpvn t1_j5vf8k8 wrote
Do it in Queens.
wsj OP t1_j5vsofm wrote
That may be the move:
>State gambling regulators are conducting a competitive bid process for three downstate licenses. Industry players expect two will go to video-slot parlors that already operate in Yonkers and another near John F. Kennedy International Airport in Queens—essentially leaving only one up for grabs.
Algoresball t1_j5xpwrj wrote
Nassau hub bid in Uniondale has Sands LV money behind it
Silo-Joe t1_j5vzc2n wrote
Wonder what happens to the current office workers in that Times Square office building being proposed for a casino.
Reticent_User t1_j5yotmb wrote
Just another regressive tax scheme albeit voluntary
myassholealt t1_j60x0b4 wrote
UN makes the least sense cause there is nowhere near as much foot traffic over there as there is at options 1 and 2.
I see 42nd getting the green light. And if t's a success, they do a bougie version at Saks.
ECK-2188 t1_j5vb4xc wrote
Times Square: Keep all the tourists and trash in one place for them to blow their money.