Jay-Z’s push to open a casino in Times Square just hit a major roadblock.
A community advisory committee voted against advancing the project, bringing the high-profile proposal to a halt. Backed by Roc Nation, Caesars Palace, and SL Green Realty, the development would have transformed the One Astor Plaza tower into a 150,000-square-foot entertainment hub with a luxury hotel, restaurants, spas, and a reinvented 40/40 Club.
Out of six votes, only two supported the project.
“The application has been disapproved,” confirmed Carl Wilson, the committee’s chair.
Despite projections of $7 billion in tax revenue, 3,800 new jobs, and a massive boost to nearby businesses, opponents argued the risks outweighed the rewards. Local unions and neighborhood groups warned of increased crime and the potential erosion of Broadway’s cultural identity.
“This was a vote to protect the magic of Broadway,” said Broadway League president Jason Laks, echoing concerns shared by nearly 200 community organizations.
Jay-Z had called the partnership “a promise of economic opportunity for the community and beyond.” But the rejection leaves those plans in limbo.
SL Green CEO Marc Holliday voiced frustration, calling the decision “a despicable display of cowardice” and slamming local officials for turning their backs on what he viewed as a transformative investment.
