Labor Union to Rally in Support of Wynn New York Casino

A labor union plans a Thursday rally on the West Side of Manhattan to support the proposed $12 billion development of the Western Rail Yards by Related Cos. and Wynn Resorts — a project opposed by many of the neighborhood’s affluent residents.

High Line
Part of the High Line area of New York City. A labor union is planning a Thursday rally there to support Wynn’s proposed casino project. (Image: NPR)

The Building and Construction Trades Council scheduled an event dubbed “We Build” for 3:30 p.m. Thursday at 555 West 18th Street. That location includes a portion of the High Line area. The High Line references the famous New York open area and park that some local residents believe would be diminished if Related and Wynn are allowed to move forward.

Union President Gary LaBarbera doesn’t see things that way. Rather, he views opposition to the Related/Wynn plan as an example of the elites vs. the working man.

It is in fact the elite who serve on the High Line Board that do not want development because they believe their sunlight and view are more important than career opportunities,” he wrote in a recent letter to labor groups.

One of the principal objections to Related’s plan to build several towers at the site — one of which will include the Wynn casino and bear the gaming company’s name — is that those buildings would block views of the High Line.

Interesting Timing for Pro-Wynn NY Casino Rally

Assuming the “We Build” rally takes place as scheduled, the event would occur just days after Protect the High Line, a nonprofit group opposing the Related/Wynn project, released polling indicating the majority of West Side residents don’t want the construction to move forward.

A survey commissioned by the group and performed by Public Policy Polling said 56% of those questioned oppose zoning changes that would allow the planned development of Western Rail Yards and 70% said the towers pitched by Related would be harmful to nearby communities.

In his letter, LaBarbera said it’s more important to create jobs for the middle class than it is to indulge the NIMBYism (not in my backyard) of some rich folks.

“We will no longer be silent and that career opportunities, pathways to the middle class are simply more important than a few minutes of shade,” opined the union leader.

Elites vs. Little Guys

LaBarbera isn’t off base in terms of framing opposition to the Related/Wynn plan as the “elites vs. little guys.” In 2022, the median income for the portion of Manhattan including the High Line was $145,620, or 88% above the citywide average. The heavily white Democratic area also has residential property sale prices that far exceed the borough average.

Earlier this year, Related and Wynn said their project would be a boon for the local economy, creating 35K construction jobs and 5,000 permanent union roles should the gaming venue be approved. LaBarbera said that’s what matters and High Line residents need to remember New York is a city of skyscrapers.

“We live in a vertical City. We must continue to build. We must continue creating opportunities for our City’s residents, including residents of this community, to earn a middle-class lifestyle. We must raise our voices and be heard,” he wrote in a letter to Protect the High Line.

Todd Shriber
Todd Shriber Financial Reporter

Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org.

Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019.

Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com.

He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better.

Contact Todd at todd.shriber@casino.org.

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  • AJ
    alfred raymond james james November 28, 2024
    Just build it.I like the design of the casino
    Reply

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