The Margin: New York Mets owner Steve Cohen proposes $8 billion complex next to Citi Field

by | Nov 7, 2023 | Stock Market

New York Mets owner Steve Cohen wants his baseball team to have new neighbors. On Tuesday, Cohen released plans to build an $8 billion entertainment complex on 50 acres surrounding Citi Field, home of the New York Mets. The plans call for a music venue, casino and hotels.

The new venue, to be called Metropolitan Park, would replace Citi Field’s parking lots with restaurants, a sportsbook, athletic fields and a tailgate area. The development would also include renovations to the surrounding transit centers — a commuter-rail station and a subway station. Both transit lines serve not only Citi Field, but the Billie Jean King National Tennis Center, home to the annual U.S. Open Tennis Championship. They will also serve the soccer stadium that will be home to NYCFC of Major League Soccer. “It’s time the world’s greatest city got the sports and entertainment park it deserves,” Cohen said.  “When I bought this team, fans and the community kept saying we needed to do better. Metropolitan Park delivers on the promise of a shared space that people will not only want to come to and enjoy, but can be truly proud of.” Hard Rock Interna …

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