Steve Cohen Clears Key Hurdle for $8 Billion New York Casino (2)

Steve Cohen’s plan to build an $8 billion casino and entertainment complex in Queens next to Citi Field gained a key vote in Albany that could prove critical to the project.

A New York state Senate committee voted 4-3 on Tuesday to approve a bill that would allow the hedge fund billionaire, who owns the Mets, to build on the 50-acre parking lot adjacent to the stadium where the baseball team plays.

The prognosis for Cohen’s project once looked grim. In May 2024, Democratic state Senator Jessica Ramos, whose district includes the proposed casino, announced she wouldn’t support the ...