Thursday, May 9, 2024

Mets owner Steve Cohen proposes $8 billion entertainment district adjacent to Citi Field


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New York Mets owner Steve Cohen has giant plans in Queens that stretch past the confines of Citi Field. On Tuesday, Cohen published his plans for Metropolitan Park, an entertainment district out of doors the stadium that may come with a on line casino, lodge, and tune venue.

The mission would price $8 billion and would additionally supply facilities like 20 acres of inexperienced area, athletic fields and playgrounds. The entertainment district can be run by way of Hard Rock International, together with Cohen, who mentioned he sought after to enhance the fan enjoy off and on the sphere.

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“It’s time the world’s greatest city got the sports and entertainment park it deserves,” Cohen said, per the New York Post. “When I bought this team, fans and the community kept saying we needed to do better. Metropolitan Park delivers on the promise of a shared space that people will not only want to come to and enjoy but can be truly proud of.”

There remains to be a large number of paintings to be carried out so as to get the proposal off the bottom. For starters, Cohen would want approval from state politicians and regulators, together with New York Governor Kathy Hochul. Since the mission can be on what’s now parkland, Hochul would want to approve a industrial building, in accordance to the Post.

That approval could be rather tougher for Cohen to get as a result of, in 2014, his hedge fund SAC was once compelled to pay a $1.8 billion high quality stemming from fraud fees.

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If Metropolitan Park is constructed, it could be close to fairly a couple of different main sports activities sizzling spots within the town. It can be surrounded by way of Flushing Meadows-Corona Park, the house of the USA Open, in addition to a brand new stadium for New York FC.



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