A major step forward for New York’s gaming expansion as Steve Cohen’s $8 billion Metropolitan Park development receives a key recommendation from state officials.
New York’s long-awaited downstate casino licensing process has taken a decisive turn as the Metropolitan Park project — led by billionaire and New York Mets owner Steve Cohen — advanced through a crucial stage of regulatory review. The proposal, which includes a full-scale casino, entertainment district, hotels, and public space improvements near Citi Field, has been formally recommended by a state advisory committee.
Supporters argue the project will generate thousands of jobs and deliver billions in tax revenue, while critics raise concerns about traffic congestion and long-term economic impact. Cohen’s backing and political momentum, however, make Metropolitan Park one of the strongest contenders for one of New York’s limited casino licenses.
The state is expected to issue final decisions in the coming months, marking a pivotal moment for the future of New York’s casino landscape.
Key Points:
- Metropolitan Park receives formal recommendation in New York’s casino licensing process.
- Steve Cohen aims to build a full casino and entertainment district near Citi Field.
- Supporters cite jobs and tax revenue; critics warn about congestion and economic risk.
- Project now considered one of the top candidates for a downstate casino license.