Broadway Opposes Times Square Casino Plan, Leading to Its Rejection
Broadway Prevails Against Times Square Casino Proposal
A highly ambitious project to establish a casino in the heart of Times Square, valued at $5.4 billion, has been rejected. This was a major setback for the developers aiming to create a gambling destination at Manhattan’s iconic center.
Details of the Caesars Palace Times Square Project Rejection
The casino plan, backed by major entities including SL Green Realty, Caesars Entertainment, and Roc Nation, failed to secure approval on September 17. A Community Advisory Committee comprising six members appointed by city and state officials voted 4 to 2 against the proposal. Notably, representatives supporting Governor Kathy Hochul and Mayor Eric Adams had expressed their backing for the project.
Resistance from Broadway and Neighborhood Advocates
The rejection followed increasing opposition from Broadway producers, theater owners, and local supporters. Their main concerns centered on the casino’s potential negative impact on Times Square’s cultural significance, increased traffic congestion, and heightened safety risks. The Broadway League, representing theatrical interests, stood at the forefront of this resistance. Its leader emphasized that the decision safeguarded thousands of local jobs and preserved Broadway’s status as a world-renowned attraction.
Promises and Opposition to the Casino Development
Proponents of the casino highlighted its potential to stimulate economic growth by generating nearly $23 billion in gambling revenue over ten years, creating thousands of jobs, and providing substantial tax income for both New York City and State. The proposal also included luxury hotel accommodations, restaurants led by prominent chefs, entertainment venues managed by Roc Nation, and enhanced security plans. Despite these incentives, critics remained unconvinced that the project could be integrated smoothly with Midtown’s existing strained infrastructure.
Reactions from Developers After the Advisory Vote
The advisory committee’s decision prompted strong criticism from the developers. Marc Holliday, CEO of SL Green, condemned the vote as a missed opportunity for significant financial and employment benefits for the city. Roc Nation executives also criticized local politicians for lacking the vision to seize what they described as a transformative opportunity. Caesars Entertainment, while disappointed, announced intentions to continue pursuing future casino projects in New York City.
Other Casino Proposals Also Rejected
On the same day, the committee also dismissed another major project called The Avenir, a $7 billion development planned for Manhattan’s Far West Side by Silverstein Properties and Rush Street Gaming. This initiative included plans for a casino, a 1,000-room hotel, and new residential units but faced similar criticism regarding traffic, safety, and community impact.
Remaining Casino Prospects in Manhattan and Beyond
Among the Manhattan proposals, only the Freedom Plaza development near the United Nations remains under consideration. Additionally, six other bids from outside Manhattan continue in the race, including locations in Queens, Brooklyn, the Bronx, and Yonkers.
Looking Ahead to Casino Licensing Decisions
Decisions on which projects will receive one of the three available downstate casino licenses are expected by the end of the year. For now, Times Square’s vibrant atmosphere will continue to spotlight Broadway performances rather than gambling machines. Theater groups view this outcome as a victory, having successfully defended the cultural heart of New York City against the proposed casino threat.
