The entertainment conglomerate Caesars and real estate titan SL Green have joined forces with aspirations to erect a magnificent new casino complex in the bustling center of Times Square. Their objective? To metamorphose 1515 Broadway into an international hub for leisure and gambling, an endeavor they claim will infuse billions in tax dollars into the city’s treasury.
This alliance is making every effort to secure backing, emphasizing the project’s capacity to be an economic and societal windfall for New York City. They’ve committed substantial aid to Mayor Eric Adams and the NYPD’s initiatives to rejuvenate Times Square, guaranteeing major enhancements to security and transportation systems. Their blueprint encompasses augmenting pedestrian zones, refining public transit, and addressing traffic bottlenecks.
Ex-NYPD commissioner William Bratton has expressed his endorsement, asserting that this investment will help guarantee Times Square endures as a secure and energetic destination for years to come.
Although specifics about the project remain closely guarded, Caesars has disclosed that the Times Square location will boast a dedicated Broadway playhouse for the renowned production, The Lion King.
“We are delighted to collaborate with SL Green on this remarkable endeavor,” stated Tom Reeg, Chief Executive Officer of Caesars. “Residents of New York and tourists can anticipate a premier entertainment offering that will surpass anticipations and cement New York’s standing as an international hub.”
Marc Holliday, Chief Executive Officer of SL Green, highlighted the tactical benefit of their proposition: “Our blueprint enables us to present this captivating project considerably quicker than alternative proposals that necessitate commencing anew. This signifies New York can commence reaping the financial advantages earlier, without the disturbance that accompanies protracted construction endeavors.”
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