Cohen, the founder of Point72 Asset Management, purchased the Mets for a record $2.4 billion in 2020
On Tuesday, Cohen released plans to build an $8 billion entertainment complex on 50 acres surrounding Citi Field, home of the New York Mets. The plans call for a music venue, casino and hotels.
“It’s time the world’s greatest city got the sports and entertainment park it deserves,” Cohen said. “When I bought this team, fans and the community kept saying we needed to do better. Metropolitan Park delivers on the promise of a shared space that people will not only want to come to and enjoy, but can be truly proud of.”
Representatives for Cohen and the New York Mets did not immediately respond to MarketWatch’s request for comment.This complex is simply a proposal at this point, and would need the approval of the state legislature and the governor. In addition, any new casinos being built would need to obtain proper licenses with the New York Gaming Commission.The NBA’s Golden State Warriors built the Chase Center in San Francisco in 2019.
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