Mets Owner Steve Cohen Reveals $8 Billion Plan for Casino Complex Near Citi Field; Requires State Approval
Project anticipates $130 billion economic impact over 30 years and 15,000 jobs; faces hurdles with rezoning and securing one of three rare casino licenses for downstate New York.
- New York Mets owner, Steve Cohen, intends to invest $8 billion into a 50-acre casino, entertainment, and sports complex called Metropolitan Park near Citi Field in Queens, replacing the existing auto chop shops.
- The complex will include a Hard Rock hotel, live music venue, gaming areas, green spaces, athletic fields, a renovated mass transit station, a Queens food hall, and improved infrastructure like bike paths and roads.
- The investment is expected to generate an economic impact of $130 billion over the next 30 years and create about 15,000 jobs, both construction and permanent roles.
- The project partners include Hard Rock International, SHoP architects, Field Operations landscape and urban design, and McKissack, a minority and women-owned design and construction firm.
- The proposal faces significant challenges as the land is zoned for parkland, requiring approval from the New York State Legislature and state gaming regulations for commercial development and casino setup.
- Cohen's proposal is competing with nearly a dozen other applicants for one of only three coveted state licenses to build a full-scale casino in downstate New York