Steve Cohen's ambitious proposal to construct an $8 billion casino adjacent to Citi Field is advancing after competitors have withdrawn from the bidding process. This development not only reflects Cohen's commitment to enhancing the area but also raises questions about the potential impact on local businesses and the community.
New York Mets owner Steve Cohen’s ambitious $8 billion casino and entertainment complex proposal near Citi Field has taken a significant step forward after rival bidders withdrew from the competitive process. The project, dubbed “Metropolitan Park,” aims to transform 50 acres of parking lots into a year-round destination featuring a luxury casino, hotels, and community spaces. With key competitors dropping out, Cohen’s vision now faces fewer hurdles as it seeks state approval in 2024.
Cohen’s Metropolitan Park proposal stands out as one of the most ambitious development plans in Queens history. The project promises to create:
“This isn’t just about gaming—it’s about creating a true civic asset,” said urban development expert Dr. Melissa Chen of Columbia University. “The scale of investment could fundamentally alter the economic trajectory of Willets Point, an area long plagued by underdevelopment.”
Recent weeks have seen two major competitors—SL Green and Caesars Entertainment—withdraw their bids for the coveted downstate casino license. This leaves Cohen’s project competing against:
Industry analysts note Cohen’s deep community engagement efforts—including $100 million in pledged community benefits—have given his bid unique momentum. “Cohen’s team has done exceptional groundwork,” noted gaming industry consultant Robert Lin. “They’ve addressed many concerns that typically derail these projects, from traffic to local hiring.”
The Metropolitan Park proposal promises substantial economic benefits but faces questions about its potential effects on surrounding neighborhoods. A recent Queens College study projects:
However, some community advocates remain skeptical. “We’ve seen these mega-projects before,” said José García of Queens Neighborhoods United. “The benefits often flow to developers while existing residents face rising costs. We need ironclad guarantees on affordable housing and local hiring.”
The project’s success hinges on solving longstanding transportation issues in the area. Key components include:
MTA officials confirm they’re in active discussions with Cohen’s team. “We recognize the need for infrastructure upgrades regardless of the casino decision,” said MTA spokesperson Elena Torres. “The question is whether private funding can accelerate these improvements.”
With competitors withdrawing, Cohen’s team now focuses on clearing remaining hurdles:
Industry observers note the political landscape may favor Cohen. “Governor Hochul wants this decision made before the 2024 election,” said political analyst David Park. “A Queens project checks important boxes—job creation, minority hiring, and economic development outside Manhattan.”
If approved, construction could begin as early as 2025, with the first phase opening by 2027. The project’s long-term success may depend on:
As the process moves forward, all eyes remain on how Cohen balances his ambitious vision with community needs. “This could redefine Queens’ economic future,” concluded Dr. Chen. “But history shows these projects only succeed when they lift up existing residents rather than displace them.”
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