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Times Square Casino Proposal

Sector: Residential • Location: New York, United States

Source: The Hollywood Reporter

Project
Denied

A proposal to convert the existing 54-story office building at 1515 Broadway, including the Minskoff Theatre and Viacom headquarters, into a casino with a luxury hotel, restaurant, and entertainment spaces. The plan included building the casino above the Broadway theater and creating a Nobu hotel with close to one thousand rooms, multiple restaurants with celebrity chefs, a wellness retreat, night

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The project “Times Square Casino Proposal” is an infrastructure initiative in the Residential sector, located in New York, New York, United States. Taiyo aggregates data on it from The Hollywood Reporter.

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Description

Description

A proposal to convert the existing 54-story office building at 1515 Broadway, including the Minskoff Theatre and Viacom headquarters, into a casino with a luxury hotel, restaurant, and entertainment spaces. The plan included building the casino above the Broadway theater and creating a Nobu hotel with close to one thousand rooms, multiple restaurants with celebrity chefs, a wellness retreat, nightclubs, and entertainment programmed by Roc Nation. The casino was expected to bring 3,800 permanent jobs, $23.2 billion in gross gaming revenue in 10 years, and significant tax revenue. The proposal was part of New York State's plan to have three new casinos built in the five boroughs of New York City. However, the community advisory committee voted no to move forward with the casino bid, effectively denying the proposal.

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