Member for Queens backing multibillion-dollar casino project

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asked Apr 8 in H&E by fhelllips (580 points)

In a move that could change the landscape of Queens, Rep. Francisco Moya is leaving behind Mets owner Steve Cohen's ambitious $8 billion plan to build a huge casino complex adjacent to City Field.

Francisco Moya Approves 'Metropolitan Park' Casino Plan, Praises Benefits For Queens

Moya, who represents the communities surrounding Flushing Meadow Park and Willets Point, has voiced his enthusiastic support for the project, called "Metropolitan Park," emphasizing the potential benefits for both Queens and New York City, the New York City Post reported. Moya said he believes the project is in the best interests of both Queens and New York City, referring to the proposed game centers, hotels, and music venues.

The congressman's support marks a significant development in Cohen's efforts, which hinges on legislative approval to repurpose the land around Citi Field, which is now designated as a park.

However, not all politicians agree with Moya's position. Senator Jessica Ramos, another key figure who has significant support for the project's progress, remains unsure. Ramos, who is critical of Cohen's team's lobbying strategy, has refrained from supporting the plan.

Moya, who is known for enthusiastically supporting development projects, hailed the casino-entertainment complex as an "economic engine" that will attract visitors year-round, enhancing the fan experience for sports enthusiasts visiting City Field and the USTA Tennis Center as well as supporters of the New York City Football Club.

Cohen's casino project gains ground amid regulatory delays and political support

Despite the uncertainty surrounding regulatory approval, industry insiders suggest that awarding new casino licenses in the New York City area by the end of 2025 could work in Cohen's favor, giving him more time to bolster his support in Albany. Cohen is known for his friendly relations with Mayor Eric Adams and Gov. Kathy Hochul, further strengthening his position in the high-stakes casino race.

Cohen's project is just one of several ambitious proposals to compete for part of New York City's lucrative casino market. The competing ventures include proposals from related companies, such as Wynn, SL Green, Caesars, Roc Nation, and Thor Equities, which aim to establish their foothold in strategic locations across the city.

As the debate over the future of Queens' landscape intensifies, Moya's support highlights the complex interplay of political, economic, and community interests that shape New York City's urban development trajectory. Whether Cohen's vision for the Metropolitan Park materializes will depend on navigating the web of regulatory hurdles and securing elusive political support. 

 

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answered May 27 by wood (20,840 points)

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