Battles ensue over Jay-Z's abandoned casino project in New York City
In the heart of New York City, the final public hearing on the proposed casino expansion took place last week at the Broadhurst Theatre on 44th Street. The do-or-die vote on this contentious issue is fast approaching, and the closing days of this fight revolve around one individual: Jay-Z.
Marc Holliday, the CEO of the city's largest commercial real estate firm, made a promise at the hearing: "everyone has a seat at this table, with Jay-Z at the head." This promise, however, leaves the specific role Jay-Z plays in the casino expansion fight unclear.
Jay-Z, who is associated with Roc Nation, has been mentioned as being at the head of the table during the final public hearing on the casino. The company associated with him in the fight to expand casinos in New York City is Caesars Entertainment Corporation.
The proposed casino location is Times Square, a move that could significantly impact New York's iconic industry and tourist attractions. The stakes include tens of billions of dollars and thousands of jobs, making this a fight of immense importance.
The years-long battle over the expansion of commercial casinos in New York City has been covered extensively, with Al Sharpton headlining a rally just south of Times Square's iconic red steps over the summer. At the rally, Sharpton shouted "Say yes time! Yes time! In Times Square! Times Square! Jay-Z! Jay-Z!"
The fate of New York's most awful tourist trap may also be affected. As the city prepares for a decision, the question remains: what role will Jay-Z play in shaping the future of New York's casino industry?
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