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The Council often votes the way of the local councilmember, a practice known as councilmember deference. According to reports, SL Green has also pledged to use a portion of the casino’s revenues to fund safety and sanitation improvements in Times Square. The three Manhattan casino proposals, meanwhile, are filled with the kind of glitz and glamor that captures the imagination and may prove to be offers too good for the state to refuse.
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City Council Majority Leader Farías, Speaker Adams present $139K check to FAN4Kids
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Resorts World’s expansion plan includes the creation of a new 50-acre park on the Aqueduct Racetrack site, as well as a 7,000 sq. Like an exclusive, high-stakes game of Texas Hold’em, the process has been reserved for the uber-wealthy — with an applicant needing more than $1 billion just to be in the running. The ante to merely apply is $1 million, with successful bidders required to pay $500 million upfront for the license and at least $500 million as part of a development plan. Licenses will be good for a minimum of 10 years and a maximum of 30 years. Without question, the three winning bids will have the potential to reshape the socioeconomic landscape of the New York City metro area. Ten high rollers continue to vie for three lucrative full casino licenses in downstate New York in a years-long race that evolved from a sprint to a marathon.
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