New York Mets Owner Unveils Incredible Plans for Citi Field Renovation
When the New York Mets were bought by Steve Cohen, it felt like a new era.
In the biggest market in the United States, the Mets finally had the capital and willingness to spend like a team of their caliber.
Immediately the effects of Cohen were felt.
Since he acquired the team in September of 2020, New York has ranked eighth, second and first in Opening Day payroll.
Known as the richest owner in Major League Baseball with an estimated net worth of $13.9 billion, the Mets owner has completely transformed the sentiment within and surrounding the club.
Now, according to ABC 7 in New York, Cohen has unveiled his proposed plan to upgrade the area around their stadium.
He is pitching an $8 billion idea that would bring a hotel, music venue and casino to Citi Field. The investment would involve 50 acres around the stadium and allot another 20 acres for public park space.
They also report that the proposed complex would operate in conjunction with Hard Rock International and faces two major hurdles to get this plan approved.
1. Use of the land requires approval from the state legislature and the governor
2. and the casino would be one of three new casino licenses slated to be issued by state gaming regulators in the downstate region, which includes New York City. There is fierce competition among a dozen other applicants for the three licenses, with sites including Times Square, Hudson Yards, the Bally's Golf Links at Ferry Point (until recently operated by Donald Trump), Coney Island and the Nassau Coliseum.
Cohen has reportedly held meetings with the community and has hired lobbyists to line up support from elected officials.
If he is able to get this approved, it would make Citi Field a destination for not just New Yorkers and Mets fans, but for others outside of the city.