New York Mets owner Steve Cohen speaks to the media in June: Photo: Jim McIsaac/Getty Images
The competition to land a casino in New York City intensified today as New York Mets owner Steve Cohen proposed an $8 billion complex around the team's Citi Field in Queens.
Why it matters: The billionaire hedge fund boss is hoping to grab one of three coveted casino licenses up for grabs in New York, Nathan writes.
Details: Cohen unveiled plans for a sprawling venue called Metropolitan Park that would include a Hard Rock casino, restaurants, hotel, athletic fields, music venue, 20 acres of public space and a transit station, according to severalreports.
The pitch "faces significant obstacles," including the fact that the state Legislature would have to allow the land to be annexed, Bloomberg reported.
State of play: Other possible areas for a casino in NYC include Times Square and the Hudson Yards area, but those locations face opposition, too.
