Search
 

Trump Proposes World's Largest Casino for Manhattan; Targets the West Side

NEW YORK CITY-Local pros question its wisdom for a number of reasons, not the least of which is the competition it would bring to Trump's Atlantic City holdings.

By John Howe | Updated on September 06, 2000

New Yorkers who want to take their chances at Blackjack, roulette or the slots can head down to Atlantic City, Connecticut and upstate New York, but they can’t gamble in Manhattan. That could change one day if Donald Trump makes good on his reported proposal to build the largest casino in the world between 59th and 72nd Streets on the West Side.

Casino gambling is illegal in New York State except on Indian reservations. These casinos need not be located on a reservation, however. A New York tribe could apply to the Department of Interior to develop one off site and then partner with Trump to operate it. The approval process could take four or five years, according to real estate sources Globest.com spoke with. Local and state would also have to sign off on the project.

In published reports, Governor George Pataki threw his support to casino development upstate where the money is sorely needed. Mayor Rudolph Giuliani’s position has been that if other areas of the state are allowed to build casinos, the city should not be denied the opportunity.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.