Caesars Entertainment’s ambitious plan for Times Square gets a powerful boost!
Rev. Al Sharpton and digital real estate mogul Ryan Williams have officially backed Caesars’ Times Square casino proposal. This shift in perspective from Sharpton, who previously opposed expanded gambling, signals a new era of community-driven development.
Key Highlights:
- Community Investment: Sharpton’s endorsement comes with a promise of local ownership and investment, led by Jay-Z’s Roc Nation.
- Local Investment Opportunities: Households in the area can invest in the project for as little as $500, opening doors to wealth-building in one of NYC’s most iconic districts.
- Economic Boost: Caesars estimates the casino could generate over $71 million in community investment, with $10 billion+ in economic value created.
- Opposition from Broadway: Despite support from over 200 organizations, Broadway theatres are raising concerns about the impact on the area.
As New York’s downstate casino license deadline approaches, will Caesars secure one of the coveted licenses, or will other contenders steal the spotlight?
