Wynn NYC Casino Plan Dealt Blow by Manhattan Community Board

The plan by Related Cos. and Wynn Resorts to bring a casino hotel to Manhattan suffered a blow after Manhattan Community Board 4 (MCB4) late Monday voted unanimously to reject the zoning changes needed to move the project forward.

Wynn New York City Hudson Yards Related Companies
Renderings of Hudson Yards West, a proposed $12 billion development that would include a Wynn Resorts casino. Manhattan Community Board 4 rejected zoning changes for the property. (Image: Related Companies)

The vote is largely symbolic because MCB4 doesn’t have an official say in the downstate casino process, but it sends a clear message that the board is prioritizing input from locals, including residents of the High Line area, and that it’s not enthusiastic about Related’s plan to feature significantly fewer residential housing units in the development than previously expected.

Today’s (Monday) ‘no’ vote creates a generational opportunity to say ‘yes’ to public-spirited development that creates jobs to build new housing and truly public open space, and protects the High Line,” said Alan Van Capelle, executive director of Friends of the High Line, in a statement. “And I encourage Related to withdraw its application and join a community-led effort to start over – quickly – to reimagine the site for public good.”

The New York State Gaming Commission (NYSGC) has the final say on the winners of three downstate casino licenses, which are expected to be awarded in late 2025.

Manhattan Community Board Vote Isn’t Surprising

Though largely symbolic, the vote by MCB4 isn’t surprising because the board previously made clear it takes issues with Related’s plan to potentially retreat on an agreement previously struck with the city that would have provided more housing units.

The real estate developer’s $12 billion plan for Western Yards features office space and the casino proposal when a 2009 pact between the board, the city, and Related called for the property to be primarily residential with 5,762 housing units. The newest plan calls for three towers, two of which would be zoned commercial and one that would have just over 1,500 residential units. One of the towers would be three million square feet and bear the Wynn name.

Last year, Related presented a plan to MCB4 that would conform to the 2009 agreement because it included affordable housing, a new school, and open space — points the developer has frequently mentioned when discussing the casino proposal.

Members of Friends of the High Line balked at the tower proposal, claiming that tall buildings would block residents’ views of the iconic park of the same name.

NIMBYism Looms Large in NYC Casino Bids

Including the Related/Wynn partnership, 11 groups are vying for the three New York City-area casino licenses and many have been met with not-in-my-backyard (NIMBY) attitudes. In some cases, opposition groups don’t object to the city having casinos – they simply don’t want the gaming venues in their neighborhoods.

Friends of the High Line hasn’t endorsed the idea of New York having casinos, but it’s made clear it doesn’t want Related and Wynn building such a venue on Manhattan’s West Side.

“We are grateful to Community Board 4 for its historic and courageous decision to deny Related’s rezoning application, without conditions,” added Van Capelle. “You have listened to this community — including the nearly 6000 supporters of our campaign and 3500 people who signed a petition calling on you 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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  • V
    VanGogh January 7, 2025
    I am all in favor of this casino project. Now nothing will be developed for decades.
    Reply
  • J
    jessica January 7, 2025
    It would be nice to have apartments that fit into the historic nature of New York for a change. And to have a garden instead… It would be nice to have apartments that fit into the historic nature of New York for a change. And to have a garden instead of modern style buildings. My dream is to purchase a Brownstone apartment and to have a beautiful garden with trees outside. With shopping right next door.
    Reply

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