Steve Cohen’s plans to build a mega-casino in Queens have hit a major roadblock as State Senator Jessica Ramos has come out in strong opposition to the proposal.
The proposed casino, which would be located in the Willets Point neighborhood of Queens, has been met with fierce resistance from local residents and politicians alike. The project, which is estimated to cost over $1 billion, was touted as a major economic development opportunity for the area, promising thousands of new jobs and a significant boost to the local economy.
However, Senator Ramos, whose district includes the proposed site of the casino, has expressed concerns about the potential negative impacts of a casino in the community. In a statement released this morning, Senator Ramos cited increased traffic congestion, crime, and addiction as reasons for her opposition to the project.
“I cannot in good conscience support a project that will bring more harm than good to my constituents,” Senator Ramos said. “While I understand the potential economic benefits of a casino, the social costs are simply too high.”
Senator Ramos’ opposition comes as a major blow to Steve Cohen, the billionaire hedge fund manager behind the project. Cohen, who has been vocal about his plans to revitalize the Willets Point neighborhood, had hoped to open the casino within the next few years. However, with Senator Ramos now firmly against the proposal, Cohen may be forced to reevaluate his plans.
In response to Senator Ramos’ opposition, a spokesperson for Steve Cohen released a statement saying, “We are disappointed by Senator Ramos’ decision to oppose our project. We remain committed to working with the community to address their concerns and find a solution that benefits everyone.”
Despite the setback, Steve Cohen’s team remains optimistic about the future of the project. They plan to continue engaging with the community and local officials in an effort to win support for the casino. However, with Senator Ramos firmly against the proposal, it remains to be seen whether Steve Cohen’s dream of building a mega-casino in Queens will ever become a reality.
