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3mo ago

Wynn Resorts Withdraws $12 Billion Hudson Yards Casino Proposal

The move follows years of community opposition, paving the way for a 4,000-unit housing project with affordable rentals and expanded green space.

An early rendering of a residential housing development by Related Companies, off 11th Avenue, looking to the west, at Hudson Yards on Manhattan's West Side. While gaming giant Wynn Resorts has left the project, development plans continue, with even more housing in the offing.
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Overview

  • Wynn Resorts officially announced it will not pursue a gaming license for a proposed $12 billion casino at Hudson Yards, citing persistent political and community resistance.
  • The revised plan, spearheaded by Related Companies and endorsed by City Councilmember Erik Bottcher, focuses on developing 4,000 housing units, including 400 affordable rentals.
  • The updated proposal also increases open green space from 5.6 acres to 6.6 acres, addressing community demands for more public amenities.
  • The housing project is expected to create 35,000 union construction jobs and is positioned as a significant contribution to Manhattan's housing stock.
  • The New York State Gaming Commission continues to evaluate other casino proposals, with applications due in June and licenses to be awarded by the end of the year.