Jay-Z's Roc Nation to commit over $250 million in grant money to create possible Caesars Palace Casino in Time Square
The rap icon's entertainment company, "Roc Nation," will commit more than $250 million in grant money for Hell’s Kitchen if they land the bid to create a Caesars Palace Times Square Casino, according to Page Six. And there is a bit of a catch.
Share:
More Stories
0:42
Doles Center hosts Mount Vernon Kwanzaa celebration
2h ago0:26
Poughkeepsie police investigate two Christmas shots fired incidents
2h ago1:31
Community remembers two teenagers who died in tragic car crash on Christmas Day
2h ago1:31
Village of Nyack businesses show gratitude for local holiday shoppers
5h ago0:25
New York to charge fossil fuel companies for damage from climate change
7h ago1:21
Fatal shooting leaves lakefront Mamakating community on edge
7h ago0:42
Doles Center hosts Mount Vernon Kwanzaa celebration
2h ago0:26
Poughkeepsie police investigate two Christmas shots fired incidents
2h ago1:31
Community remembers two teenagers who died in tragic car crash on Christmas Day
2h ago1:31
Village of Nyack businesses show gratitude for local holiday shoppers
5h ago0:25
New York to charge fossil fuel companies for damage from climate change
7h ago1:21
Fatal shooting leaves lakefront Mamakating community on edge
7h agoTime Square is one of the most active places in the world, between restaurants, tourist attractions, Broadway shows and potentially, a new casino.
International superstar, Jay-Z, is committing more than $250 million in grant money to create a Caesars Palace Casino in Time Square.
It's causing quite the divide amongst local New Yorkers.
The rap icon's entertainment company, "Roc Nation," will commit more than $250 million in grant money for Hell’s Kitchen if they land the bid to create a Caesars Palace Times Square Casino, according to Page Six. And there is a bit of a catch.
News 12 was told Roc Nation would give an initial $15 million to the local community; plus regular grants based on 0.5% of the casino’s performance.
In a statement announcing the grant initiative, Shawn Carter said “(W)e are New Yorkers. Supporting and providing opportunities for our neighborhoods and community isn’t just a part of 'Roc Nation’s' ethos… it’s our collective responsibility.”
Mr. Carter would have a hard time finding many locals who agree with him, as surveys show a whopping 71% of registered voters in the area oppose the opening of the casino here at the 'crossroads of the world.'
Roc Nation’s group says its bid is getting support from over 150 organizations and businesses. Only 23% of voters say they favor opening a casino in Time Square.
More from News 12
1:31
Village of Nyack businesses show gratitude for local holiday shoppers
1:08
The day after Christmas: Hudson Valley shoppers flock to malls for returns
1:49
Get ready for a reality-bending experience at 5-Wits in the Palisades Mall
0:18
Bill Murray makes surprise visit to Rockland Music Center on Christmas Eve
1:49
Made in the Hudson Valley: Bullseye Glass Resource Center's snowflake project unites visitors of all faiths for the holiday season
1:11
