Related Companies and Wynn Resorts have unveiled an ambitious proposal for a $12 billion casino complex in Manhattan’s Hudson Yards. The development, named Wynn New York City, promises to transform the western portion of Hudson Yards into a multi-use landmark. The project will include an 80-story tower, integrating a gaming facility, hotel, office spaces, residential apartments, and a sprawling 5.6-acre public park named Hudson Green.
This massive endeavor will be located adjacent to the High Line Park. According to the developers, Wynn New York City is set to become a significant economic asset for New York City. The project is projected to create thousands of jobs and generate substantial revenue for the state.
“The next phase of Hudson Yards is a $12 billion investment in New York’s future that, if approved by City and State officials, will create tens of thousands of jobs, 1,500 units of housing including hundreds of new affordable apartments, and billions in much-needed revenue for the City and State,” said Jeff Blau, CEO of Related Companies.
Project Details and Economic Impact
The proposed complex will include a gaming facility, which will occupy just 3.6% of the total space but is expected to be the main source of revenue. The development will feature 1,700 hotel rooms, a variety of street-level shops, restaurants, and a pool deck. A key highlight of the project is the 5.6-acre Hudson Green Park, designed by Hollander Design and Sasaki. This park will include gardens, a playground, a dog park, and scenic views of the Hudson River.
Bruce Beal Jr., President of Related Companies, emphasized the job creation aspect of the project: “Finishing the undeveloped yards will not only create 35,000 unionized construction jobs during development but 5,000 permanent union careers in the resort, which is the economic engine that supports all of these wonderful community benefits, including affordable housing, a public park, and transportation improvements.”
The Wynn New York City proposal is one of several vying for one of the three downstate casino licenses New York State plans to issue. Competing bids include projects near CitiField, Times Square, and Coney Island. The final decision is expected by the end of 2025, following a thorough review and community feedback process.
While the development is expected to boost the local economy and attract visitors, it has faced some criticism. Residents have raised concerns about the potential negative impact on views and the local environment. Students from the nearby Fashion Institute of Technology (FIT) have also expressed worries. “It would not be a good influence for the students,” FIT student Carolina Farais told CBS News. Another student, Gian Brack, added: “It wouldn’t necessarily be in the best interest of young people to encourage that kind of pastime.”
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