Viewing a single comment thread. View all comments

wsj OP t1_j5vteaz wrote

Reply to comment by ECK-2188 in A Casino at Saks, Times Square or the U.N.? Companies Pitch NYC Officials by wsj

Caesars wants to do Times Square:

>Caesars Entertainment Inc. and office landlord SL Green Realty Corp. have proposed converting a Times Square office tower into a hotel and casino. It would cater to Midtown office workers and tourists who already come to the area, said Brett Herschenfeld, an SL Green executive vice president.

4

ECK-2188 t1_j5vwx65 wrote

Will these potential casino(s) revenues help contribute to the nyc fiscal budget?

Mainly: Lowering overall nyc residents city income Tax?

Not likely right? Haha

4

wsj OP t1_j5w93od wrote

Here's what our reporter had to say:

>they will contribute to the state fisc, but the exact tax rates are parts of their bids. So TBD!
>
>But my guess is it won’t have enough of a fiscal impact to be used to lower income taxes.

5

ECK-2188 t1_j5wd0k2 wrote

Better luck hitting the powerball than this city lowering our taxes.

7

wsj OP t1_j5w7pz8 wrote

That's a great question — I'll reach out to the reporters and see what they think.

2

thebruns t1_j5xfkx4 wrote

Yeah sure look at Atlantic city I hear it's wonderful

2