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Entertainment

Feb 27, 2024

Related & Wynn Unveil $12 Billion Bid for Casino Complex in Hudson Yards

A $12 billion mixed-use casino development project called Hudson Yards Phase Two has been proposed for Manhattan by Related Companies and Wynn Resorts.

Related & Wynn Unveil $12 Billion Bid for Casino Complex in Hudson Yards
Traded Media
Traded Media

Traded Editorial

1 min read

A $12 billion mixed-use casino development project called Hudson Yards Phase Two has been proposed for Manhattan by Related Companies and Wynn Resorts. The plan includes multiple skyscrapers with residential, office, educational, and entertainment facilities. The development is planned for the 13-acre Western Rail Yards area, adjacent to the first phase of Hudson Yards.

Stakeholder Engagement and Community Benefits

Jon Weinstein of Related Companies expresses excitement about engaging with local stakeholders for the city land-use process. The proposed plan promises job creation, revenue generation, community benefits, affordable housing, a school, and a new park.

Design Concepts

One design concept features an 80-story skyscraper housing a casino, hotel, conference center, and retail space. Another concept includes five towers, omitting the casino, but featuring residential, commercial, and educational spaces along with ample public open space.

Competition for Casino License

Related Companies and Wynn Resorts join other contenders for a Manhattan casino license. The Gaming Facility Location Board will evaluate proposals, with input from a Community Advisory Committee (CAC) comprising influential local figures.

Competing Proposals

Other proposals for Manhattan casinos include sites near the Lincoln Tunnel, Saks Fifth Avenue, Times Square, and Freedom Plaza. These proposals involve prominent developers, entertainment companies, and public figures.

#New York#Entertainment#Mixed Use
Published: Feb 27, 2024Last updated: February 28, 2024