Wynn Resorts lays out plans for Hudson Yards' new $12 billion phase
New York City’s Hudson Yards project has revealed details of its $12 billion plan to put 1,500 new housing units, a 5.6-acre public park, a public K-8 school, and a casino resort with 1,500 rooms atop Manhattan’s undeveloped western rail yards.
The developers, Wynn Resorts and Related Companies/Oxford Properties Group, bill the project as a “massive economic and infrastructure boost for NYC” that they promise will create:
- 5,000 permanent jobs in the Wynn New York City resort, plus 35,000 union construction jobs during development.
- 1,500 new housing units that will include 324 affordable apartments.
- 1,500 hotel rooms and 328 residences in the resort, located across the street from the Jacob Javits Convention Center.
- Support for local community organizations.
Related Companies CEO Jeff T. Blau promised that the completed project will provide billions of dollars of revenue for the city and the state.
"At the center of it all is Hudson Green, a 5.6-acre rolling green park with incredible river vistas, hundreds of trees for hot summer days, gardens, a playground, and a dog park,” Blau said. “We truly believe it will be an oasis that becomes the new calling card of the neighborhood.”
In a video on Wynn New York City’s website, Christine Quinn, president and CEO of Women in Need, expressed full support for the project.
“I’m supporting Wynn New York City at Hudson Yards because it most recognizes that the biggest problem facing this city is that of homeless families with children,” Quinn stated.
Related Companies/Oxford Properties Group and Wynn Resorts also announced the establishment of the Wynn Neighborhood Improvement Fund, which will provide resources for key areas as identified by the local community including public safety and security, sanitation, beautification and plantings for public open space. It will also support local artists, whose work will be displayed both throughout Hudson Green and within the resort.
"It's easy for leaders to talk about wanting to create jobs and invest in the economy and infrastructure, but our proposal to develop Hudson Yards West would actually do it,” said Bruce A. Beal Jr., president of Related Companies. "That’s why it continues to garner important support from unions, trade organizations, and small businesses."
