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Caesars Times Square welcomes locals to invest in the project
A new partnership is giving low-income New Yorkers a rare chance to invest in the proposed Caesars Palace Times Square casino, with opportunities starting at just $500.
With this partnership, New Yorkers will have the chance to own a piece of one of the city’s most luxurious developments. The proposal brings together civil rights leader Rev. Al Sharpton, Cadre founder Ryan Williams, and major players like Caesars Entertainment, SL Green Realty, and Roc Nation.
There is a traditional barrier that owning real estate in the region, especially in Town Square, is impossible.
“This initiative overcomes longstanding barriers. Through the Rev’s extensive network and our shared dedication to economic inclusion, we will move from promises to real progress. More than a decade ago, I introduced a model that expanded real estate investment opportunities to a broader audience. Now, we are applying this approach to one of the most ambitious developments of our generation, with the goal of opening doors to financial opportunity for more New Yorkers than ever before.”
said Ryan Williams.
If the casino is approved, the team has promised to invest $15 million in the Hell’s Kitchen neighbourhood. Moreover, the project plans a total community investment of $250 million.
Despite the community-focused model, the Times Square casino project keeps facing political opposition. Senator Brad Hoylman-Sigal, a leading voice in Manhattan politics, strongly opposes placing a casino in Times Square, while 17 trade unions announced their support.
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