Wynn Resorts has unveiled ambitious plans for a massive $12 billion casino complex on Manhattan’s west side, hoping to be chosen for one of New York’s new casino licenses.
Eye-Catching Design
Renderings show a gleaming 80-story tower featuring a hotel and casino overlooking the Hudson River.
The pointed metal tower would be surrounded by a park, office buildings, and apartment buildings. Pedestrians on the High Line, a popular elevated park, could directly access the resort.
Project Benefits
The project promises significant economic benefits.
Developers claim it would create 35,000 construction jobs and 5,000 permanent positions at the resort.
Additionally, it would include a 750-seat public school, a community facility, and a daycare center.
Wynn Makes its Case
Wynn argues their resort would attract high-spending tourists and generate substantial tax revenue for the city and state.
They claim their design minimizes foot traffic compared to other potential resorts.
Competition for the License
New York is deciding on awarding up to three casino licenses across New York City, Long Island, and the northern suburbs.
Wynn faces competition from other bidders, including Steve Cohen, the owner of the New York Mets, who has proposed an $8 billion project in Queens.
Decision Time
New York will decide on the licenses soon, with any winning casino facing a minimum $500 million licensing fee.
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