Related victories Support of the city planning commission for Hudson Yards Casino – commercial observer

Related companies And Wynn Resorts‘Vision for a shiny casino at Hudson Yards I got a step closer to reality.

New York City City planning department voted on Wednesday for the support of modifications that are necessary to “revitalize the underdeveloped western Railyards” Hudson Yards WestThe 12 billion dollar -Casino complex of the developers who was proposed along which High line Pedestrian park according to an announcement of reladed.

See also: The Hudson’s Bay Company fails to build a casino on the Saks Fifth Avenue

If it is awarded one of the coveted three casino licenses in New York City, Hudson Yards West, which is also led by Oxford Properties GroupIf a gaming resort, houseing and Green Park Space were included, the press release says.

“Today is a critical milestone for Hudson Yards West: Thanks to the collaborative process with urban planning, we are closer than ever to deliver this historical investment in our community, the thousands of new union jobs, thousands of units of new apartments, a huge new public Grea -Space Park and almost 200 million US dollars from advantages in the community,” CEO in the community ” Jeff Blau said in an explanation.

Spokesman for urban planning and Wynn did not immediately answer inquiries about comments.

Despite the 9-to-4 votes, Hudson Yards von Related is opposed to opposition from Local legislatureResident and city officials, including the President of the Manhattan district Mark Levine. Critics such as Levine claim that the project would require drastic changes in zoning in the area that would reduce the number of residential units originally related to the location. As the commercial observer previously reported.

Part of the proposal of Related is a “parish -based development plan” that would determine 1 percent of gross game revenue from the casino to local community organizations, so that the surrounding neighborhood enables “direct participation in the long -term success of the project”, according to the press release.

If they were approved, the associated estimates Hudson Yards West would generate sales of 2.7 billion US dollars for them Metropolitan Transportation Authority (MTA), since the construction would take place on the MTA’s MTA property and rent payments and committed sales taxes to the agencyAccording to a spokesman for relatives.

The project is also expected to create 5,000 jobs for permanent union, 35,000 trade union building during development, 1,500 residential units (including 324 affordable units), a 5.6 hectare public park, a public school and an investment in local community organizations in the amount of $ 197 million.

In a meeting before the vote on Wednesday, the revised proposal of The Department of City Planning was “proposed in 2009” because “it offers more green spaces for the neighborhood, the press release says.

While the revisions of City Planning supported the revisions of reladed to the 2009 plan, the reduction of residential units from around 5,800 relatives, who then was on the 1,500, which was currently on schedule, was part of the reason why Levine – who plays an advisory role in land use matters – voted for the rejection of the plan.

The approval of City Planning enables Hudson Yards West to move into the last phase of the city Uniform land use review procedurein which the New York city councilor will vote on the proposal and decide whether it should be taken into account by the state for three game licenses that should be awarded by the end of this year.

Even if relatives and Oxford gain approval for reconciliation, Hudson Yards West is still not a completed deal and just one of many casino areas in New York City that fights for a player license.

The other suggestions include New York Mets owner Steve Cohen And Hard Rock International“Splan for a casino near Queens” Citi Field; Soloviev group And Mohegan‘S Freedom Plaza Project near the United nations; Thor -sharesPresent Saratoga Casino HoldingsThe Chickasaw Nation And Legend‘3 billion US dollar Casino proposal in Coney Island, Brooklyn; SL Green RealtyPresent Caesars Entertainment And Jay-Z‘S ROC Nation‘S offer for a casino in Times Square; And Resorts World New York CityThe goal of renovating the Queens Casino.

Isabelle Durso can be achieved [email protected].