Jay-Z & Caesars Palace-Backed Times Square Casino Proposal Halted By Advisory Committee

Jay-Z & Caesars Palace-Backed Times Square Casino Proposal Halted By Advisory Committee

#JayZ’s latest business plans have been put on pause.

 

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Deadline reports that the proposal to bring a Caesars Palace casino to Times Square has been rejected by the city’s Community Advisory Committee, a key hurdle in the approval process. The plan, a collaboration between Caesars Entertainment, SL Green, and Jay-Z’s #RocNation, sought to transform the 54-story 1515 Broadway building into a $5.4 billion hotel and gaming complex. The developers also promised a civil rights museum and $250 million in community investments, aiming to merge entertainment with cultural preservation.