The Six-Way Race for One New York Casino License

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The Six-Way Race for One New York Casino License
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.gridwachs reports on the six-way race between some of the city’s most well-known developers for a New York casino license

to the spicy rigatoni at Deux Moi–approved restaurant Carbone in 15 minutes. It’s easy to imagine Hudson Yards 2.0 as a comparably lavish project.The rail-yard site has already been the canvas for other megaprojects that have been killed, most famously a football stadium.

But the community board and local elected officials vehemently opposed the plan. “Stadiums are dead zones,” oneMagazine. “It’s feast or famine with these facilities. There’s either no one there or there are tens of thousands of people flooding the area.” They questioned the cost and the promised financial benefits, and worried about quality of life in the area, from unruly fans to excessive traffic.

However, what ultimately brought the project down wasn’t community pushback but one of the project’s most powerful opponents: Cablevision, the erstwhile cable company that owned the Knicks and nearby Madison Square Garden. It feared a Jets stadium would bite off revenue from its pro sports investments and spent $22 million in 2004 on anti-stadium ads and lobbying.

Hudson Yards emerged in the aftermath of that failed stadium bid, when the city selected the Related team’s bid out offor the site. We know what emerged in the first phase: A mall, offices, $2 million apartments, the Shed, and the now-shuttered Vessel. And while all of this new construction was presented to the public as self-financing, it actually wound up costing the city an

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