Quote:
Originally Posted by sirpupnyc
More likely, I think, would be a casino operator partnering with a developer, maybe on a project that's already somewhere between concept and construction. Something like TSX at the north end of Times Square is probably too far along to jump into, but that sort of thing...big hotel, massive amounts of entertainment/cultural/retail space.
Or existing space...the Hilton on 41st/42nd that closed, and some of the big vacancies in the adjoining mall?
I suspect there will probably be zoning and community board hurdles to dropping a casino in any prime location. Finding feasible space might be the easy part.
Or something like this, already being kicked around, behind closed doors
https://www.casino.org/news/vornado-...-casino-plans/
“It makes perfect sense for the third and final license to go to Manhattan. Being the center of everything, Manhattan will generate, by far, the highest revenue for our education system; after all, aren’t we in it to maximize the tax revenue?,” argues the Vornado boss.
"As for Vornado, while it’s not a traditional gaming REIT, it’s not inexperienced in the industry, either. It previously held a portion of the land of MGM’s Borgata in Atlantic City, NJ, which was unencumbered last November."
And they're already been involved in financing the Borg...
Last edited by HomeStar; 01-23-2022 at 02:35 AM.