Times Square casino, plans for redevelopment of 1515 Broadway, announced by Caesars Entertainment in partnership with SL Green Realty.
Caesars Entertainment and SL Green Realty have announced a partnership to bid to build a new casino in New York’s Times Square. The firms plan to redevelop 1515 Broadway with a casino, a theatre that would stage The Lion King and restaurants.
SL Green and Caesars are proposing security and traffic improvements as part of their proposal.
Tom Reeg, CEO of Caesars said: “Caesars is thrilled to partner with SL Green in connection with a five-star project that will meet and exceed New Yorkers’ expectations for world-class entertainment, immediately enhancing New York City’s tourism engine and elevating this one-of-a-kind global destination to new heights.
As one of the largest mobile sports books in New York, Caesars is passionate about New York itself. Caesars is also deeply invested in New York-based restaurant groups, chefs, and entertainers from across the Empire State.”
Marc Holliday, CEO of SL Green, added: “We believe that Times Square offers the best location for a new resort casino that can attract tourists and benefit local businesses. We’re excited to pursue this license with Caesars and our many local partners. Our approach will ensure that under-represented communities benefit both in terms of employment and investment opportunities.
A casino in Times Square is in keeping with existing uses in the area. Times Square is the center of the entertainment universe. Because we are proposing a renovation, once the license is issued, we can open quicker than other facilities, which require entirely new construction, changes in law, and will be disruptive to their local communities.”
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