Massive $12 Billion NYC Wynn Casino Project
Wynn Resorts has revealed concept designs for a $12 billion project set to transform the former site of LIRR trains in Hudson Yards, Manhattan’s West Side. The ambitious plan, developed in collaboration with real estate powerhouse Related Companies, envisions an impressive 80-story tower boasting a casino and hotel, offering breathtaking views of the Hudson River.
Surrounding the skyscraper, the proposal includes office buildings, residential towers, and a sprawling 5.6-acre park. Positioned conveniently along the High Line, a popular elevated park converted from a train line, the expansive resort will be easily accessible to tourists and locals alike, situated between West 30th and 33rd Streets and 11th and 12th Avenues.
The casino resort will be located in the bottom five floors of the main skyscraper. Elsewhere a fancy ballroom and spacious conference rooms will occupy several floors as well as hundreds of shops and restaurants. The second tower will be made up of a 1,400ft office block, and the the third giant building is set to house 1,500 apartments with the top floor being over 1,200ft in the air. It will possibly include a public school that can hold 750 students within the grounds alongside a big community center and day care area.
The project would provide 35,000 union construction jobs and 5,000 permanent careers in the resort.
But there’s a big hurdle before any of this becomes reality. That’s a license to build a full-service casino in the metro area.
The state is considering awarding up to three casino licenses in the downstate region, including New York City, Long Island and northern suburbs. The winning bidders would have to pay at least a $500 million license fee for the privilege to run a casino.
But there are several proposals vying for one of those licenses. There are also proposals for a possible location in Times Square, Midtown Manhattan, MGM Empire City, 5th Avenue, Coney Island in Brooklyn, Willets Point in Queens and Nassau County in Long Island.
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