Cohen’s $8B Queens Casino Project Clears Legislative Hurdle

A Big Win for Cohen’s Casino Vision

Steve Cohen, the billionaire owner of the New York Mets, is now one step closer to transforming a 50-acre parking lot near Citi Field into a multibillion-dollar casino and entertainment hub. The New York State Senate’s committee vote of 4-3 in favor of a bill allowing commercial use of designated state parkland marks a pivotal moment in what was once considered a long-shot proposal.

The legislation, if passed by the full legislature and signed by Governor Kathy Hochul, would grant Cohen and his partners at Hard Rock International the green light to proceed with their “Metropolitan Park” project—a bold $8 billion development plan that blends leisure, hospitality, and community investment in Queens.


From Asphalt to Entertainment Epicenter

The Metropolitan Park vision aims to turn the vast parking expanse around Citi Field into a vibrant district featuring 20 acres of public green space, athletic fields, upgraded transit infrastructure, a food hall showcasing local vendors, and most notably, a world-class Hard Rock casino. According to estimates from Spectrum Gaming Group, the project could generate $1.9 billion in annual revenue.

The concept has evolved to become more than just a casino—it’s a holistic urban transformation plan. It caters to a broader spectrum of residents, commuters, and sports fans by integrating recreational and economic enhancements into one cohesive development.


Political Resistance and a Strategic Pivot

Originally, the project faced strong headwinds when Senator Jessica Ramos, who represents the district, publicly opposed it. In New York politics, especially for zoning-related bills, opposition from a local legislator usually means a quick death for the proposal.

But a quiet pivot changed the dynamic. Senator John Liu, whose district partially overlaps the development site, stepped in to sponsor the bill, effectively keeping it alive and moving it forward. This political maneuvering not only surprised observers but also rekindled hope for the development’s backers.


Financial Influence and Strategic Timing

Cohen has strategically deployed financial and lobbying muscle to gain traction. Public records reveal more than $4.8 million in political donations from Cohen and his wife to various New York State political groups since 2018. The timing of the bill, now just weeks before final casino license applications are due on June 27, positions the project to be a serious contender for one of three downstate casino licenses.

The state’s Gaming Facility Location Board will announce winners in December, meaning Cohen’s project still needs to compete with bids for Times Square, Hudson Yards, and other high-profile NYC-area locations. However, the political win offers a tangible edge—especially since the use of the parkland was a critical obstacle.


Community Benefits and Transit Incentives

The proposed project isn’t just a flashy development—it’s also engineered to deliver substantial benefits to the community. The developers have pledged over $1 billion in local investments, 23,000 union jobs, and improved public transit access through a renovated nearby station.

Additionally, state policy mandates that proceeds from gaming licenses and gaming taxes contribute to the MTA (Metropolitan Transportation Authority), ensuring long-term support for New York’s vital transit system.


Conclusion

Cohen’s vision for Metropolitan Park is now closer than ever to reality, thanks to legislative momentum and strategic groundwork. If successful, it will mark one of the most significant public-private entertainment investments in Queens history—redefining how sports venues, community spaces, and casinos can coexist. As New York inches closer to issuing final licenses, all eyes will be on Queens to see if Cohen’s gamble will pay off.