In a groundbreaking move that has the potential to completely revolutionize the village of Islandia, Long Island, the Jake’s 58 Hotel and Casino has announced a massive $210 million expansion project aimed at eradicating property taxes for residents.
The ambitious plan, which was unveiled at a press conference on Tuesday, will see the addition of a state-of-the-art entertainment complex featuring a luxury hotel, spa, restaurants, and shopping outlets. In addition, the casino will be expanded to include more gaming options and amenities, making it a premier destination for both tourists and locals alike.
According to Jake’s 58 CEO, John Bateson, the expansion is expected to not only attract more visitors to the area but also generate significant revenue for the village. “We believe that by creating a world-class entertainment destination right here in Islandia, we can help boost the local economy and provide much-needed relief to homeowners burdened by high property taxes,” he said.
The project is set to create more than 500 construction jobs and 1,000 permanent positions once completed, providing a much-needed economic boost to the community. Additionally, the casino has committed to sourcing a majority of its employees from the local area, further benefiting residents.
Mayor Michael Zaleski praised the initiative, calling it a “game-changer” for Islandia. “Not only will this expansion create jobs and stimulate economic growth, but it will also provide much-needed tax relief to our residents,” he said. “We are grateful to Jake’s 58 for their investment in our community and look forward to seeing the positive impact it will have on our village.”
The announcement has been met with excitement and optimism from residents, many of whom have struggled with high property taxes for years. “This is exactly the kind of development we need in Islandia,” said longtime resident Jane Smith. “I can’t wait to see how this project transforms our community for the better.”
Construction on the expansion is set to begin later this year, with completion expected within the next two to three years. In the meantime, residents and visitors alike can look forward to a new era of prosperity and growth for Islandia, thanks to the visionary leadership of Jake’s 58.