The Daily Dirt: Silverstein and SL Green casinos get the boot
Only six casino proposals remain in the running as two Manhattan proposals from Silverstein Properties and SL Green Realty were rejected by Community Advisory Committees in a 4-2 vote.
Two of Manhattan's proposed casinos have been eliminated from the state's licensing competition, leaving only six contenders remaining in the race. The two proposals, submitted by Silverstein Properties and SL Green Realty, were rejected by Community Advisory Committees with a vote of 4-2 against.
After the vote, SL Green CEO Marc Holliday, who was seated in the front row, did not leave quietly. He voiced his disappointment, stating, "What you did here today was a despicable display of cowardice, lack of leadership, lack of consideration for all the people who..."
The rejection of these two proposals marks a significant blow to the developers, who have invested time and resources into their casino plans. Silverstein Properties, known for developing the World Trade Center, had proposed a casino in the Financial District. SL Green Realty, a major real estate firm in New York, had proposed a casino in Midtown Manhattan.
The rejection by the Community Advisory Committees raises questions about the selection process and the influence of local politics. Both developers had faced opposition from community groups and local politicians, who expressed concerns about the potential negative impacts of a casino in their neighborhoods.
While the fate of the remaining six proposals is still uncertain, the elimination of these two developers from the competition highlights the high stakes and fierce competition in the race for a casino license in New York City.
https://therealdeal.com/new-york/2025/09/18/cacs-reject-sl-green-silverstein-casino-bids/