Today's Video Headlines: 11/7/23
The billionaire Mets owner finally unveiled his long-awaited Queens casino plan Tuesday — revealing a sprawling $8 billion gaming center, hotel, and music venue near Citi Field that he has dubbed “Metropolitan Park” after the team’s full corporate name.“It’s time the world’s greatest city got the sports and entertainment park it deserves,” said Cohen.
Under current law, state officials can issue up to three new casino licenses in the downstate region that includes New York City.Another potential stumbling block to a Cohen-owned casino is the state’s requirement of a background disclosure form where applicants attest to their “integrity, honesty, good character and reputation.”Cohen, who was never charged criminally, was accused of failing to prevent insider trading at the company, which he founded in 1992 and which bears his initials.
Still, billionaire Cohen and firms controlled by him have put a lot of chips on the table — spending millions of dollars on army lobbyists and delivering campaign donations to elected officials to help make his case to build the casino-entertainment complex.“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,” said Cohen.
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