SL Green redirects $22M casino pledge to broader West Side fund
SL Green and its Caesars Palace Times Square partners are scrapping plans to funnel tens of millions directly to one Hell’s Kitchen housing complex, shifting the cash instead to a nonprofit that serves the wider West Side. The development team of the proposed casino — SL Green, Caesars Entertainment and Roc Nation — had promised $22.5 million over 15 years, plus 0.5 percent of profits in perpetuity, to Manhattan Plaza, a 1,600-unit affordable complex long known as a haven for performing artists. The pledge, part of a $250 million community benefits package, drew fire from other neighborhood groups who argued […]
This article originally appeared on The Real Deal. Click here to read the full story.
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