New York Mets owner Steve Cohen and his compatriots hope to build a resort near the team’s ballpark.īut before a single shovel goes into the ground, these groups will have to go through an application process in which they will have to present a vision that is suitable to the state and meets all zoning and environmental regulations, prove they are capable of following through with that plan and, perhaps most importantly, convince at least four appointees of a six-member community advisory committee that the project will be suitable for the area. Jay-Z is part of a group that hopes to bring a casino to Times Square. Soon, three new full-scale casino licenses will be issued in the New York City area, and business interests from across the globe are looking to get in on the action.Īmong those vying for the rights to develop their gambling and leisure megacomplexes – the licensing fee is $500 million with a minimum investment of another $500 million in the property – are celebrities and billionaire sports team owners.
