Key Moments:
- The $8 billion Metropolitan Park proposal has been projected to generate over $33 billion in tax revenue over 30 years.
- The development is expected to create around 17,000 direct construction jobs and 25,000 indirect jobs, with 6,000 permanent positions upon opening.
- Developers have submitted an updated application and now have backing from all six nearby community boards and the Community Advisory Committee.
Plans for a Premier Entertainment Destination
Metropolitan Park, an $8 billion venture by Steve Cohen and Hard Rock International, has advanced closer to fruition as new filings project it could produce more than $33 billion in tax income for New York over thirty years. The developers filed their latest application with the New York State Gaming Facility Location Board before the October 14 deadline, reaffirming their plan to redevelop the Citi Field parking area into a major entertainment complex.
Economic and Employment Benefits
Forecasts show the project will create about 17,000 construction jobs and 25,000 indirect roles, resulting in more than 40,000 total positions during development and operation. Once finished, the complex will support about 6,000 permanent roles, and the local supply chain will generate even more employment opportunities.
Spanning 50 acres, the development encompasses a 25-acre public park, a Hard Rock Hotel & Casino, a “Taste of Queens” food hall dedicated to local vendors, retail spaces, and several key infrastructure enhancements. Planned improvements encompass new access roads, pedestrian and bicycle routes, as well as upgrades to the Willets Point subway station.
| Feature | Details |
|---|---|
| Casino License Fee (One-time) | $500 million |
| Slot Revenue Tax Rate | 25% |
| Table Game Tax Rate | 10% |
| Projected Annual Revenue | $3.9 billion |
| Estimated Annual Tax Contribution | Approximately $850 million |
Community Backing and Licensing Progress
Hard Rock International emphasized its aim to develop a “world-class destination” in Queens and confirmed that construction could launch immediately upon the grant of a casino license in December. Planned gaming offerings include 5,000 slot machines, 375 table games, 30 poker tables, and an 18,000-square-foot sportsbook – establishing it as one of the most expansive casinos in the area.
The project team has dedicated four years to community outreach, holding 16 public meetings and engaging with tens of thousands of residents. The developers have secured broad local support, including endorsements from all six nearby community boards and the Community Advisory Committee.
Regulatory Developments and Competitive Landscape
Earlier in the year, approvals from the City Council and state legislature rezoned the Citi Field parking lot, allowing it to be used for commercial development. Meanwhile, after MGM Resorts withdrew from the race for a New York downstate casino license, only three contenders remain: Metropolitan Park, Resorts World in South Ozone Park, and Bally’s in the Bronx.
The New York State Gaming Facility Location Board plans to announce its decision by late 2025. Metropolitan Park’s scale, local backing, and economic impact have positioned it as a leading candidate in the remaining field.
- Author
Daniel Williams
