Jay-Z is taking on a bold new business move; he’s part of a group that wants to bring a Caesars Palace casino to the middle of Times Square.
Jay-Z and his partners say the location would be perfect for the iconic casino brand. Their proposal promises to bring over $7 billion in tax revenue, create 3,000 construction jobs, and 3,800 permanent jobs for New Yorkers.
The plan includes a five-star hotel, restaurants, nightclubs, a wellness retreat, and of course, high-end gaming and entertainment venues.
But not everyone is excited. A growing number of locals, including people in the Broadway community, have formed the No Times Square Casino coalition. They argue that adding a casino could disrupt the area’s charm, increase crime, and make Times Square even more chaotic.
Jay-Z believes the project will uplift the city. Critics say it could change Times Square for the worse.