A contentious plan to construct a $12 billion casino complex in Hudson Yards near the High Line has been abandoned due to strong opposition from the community, officials revealed on Monday.
The partnership between Wynn Resorts and Related Companies announced the withdrawal of their bid, which was set to be submitted next month.
“After thoughtful deliberation, we have chosen not to submit an application for a gaming license in New York City,” stated Wynn Resorts.
Wynn pointed out “persistent opposition” as the reason for their withdrawal.
“The recent rezoning process has indicated to us that there are more beneficial uses for our capital, such as investing in our current and upcoming projects and share repurchases, rather than investing in an area where we, or any casino operator, will encounter years of continuous opposition despite our intention to employ 5,000 New Yorkers,” they explained in a statement.
“We are grateful to those who have supported our endeavors, including our partners at Related Companies, and continue to believe that their proposed Hudson Yards West development is a fantastic opportunity for New York City.”
The proposal faced opposition from Friends of the High Line and Community Board 4.
This marks the latest in a series of proposals that have been scrapped on Manhattan’s West Side.
Efforts to establish sports stadiums in the area have also been thwarted over the years.
The state Gaming Commission is set to grant up to three casino licenses in the New York City region by the end of the year.
This is an ongoing story.
