Metropolitan Park, an $8.1bn casino and entertainment proposal submitted by Hard Rock International and New York Mets Owner Steve Cohen, received final approval for a gaming license from the New York State Gaming Commission (NYSGC) on December 15.
"Since the day I bought the team, the community and Mets fans have made it clear to me that we can and should do better with the area around the ballpark," Cohen said.
"Now, we are going to be able to deliver the sports and entertainment district that our fans have been asking for."
Metropolitan Park is expected to be joined by proposals from Bally's Corporation and Resorts World in gaining final approval for New York licenses, all having been recommended by the Gaming Facility Location Board on December 1.
The project, located in Queens, will feature a Hard Rock Hotel, casino, sportsbook, restaurants, meeting and event space, bars and a live entertainment venue.
"Metropolitan Park will be a global destination for entertainment, food and culture that reflects the energy and diversity of the World's Borough," Hard Rock International Chairman Jim Allen said.
"The Commission's decision confirms the positive impact this project will have on New York City, the state and the region, and we're excited to build on our long record of delivering world-class entertainment experiences here in Queens."
Hard Rock and Cohen expect the project to create 23,000 union jobs for New York residents and contribute over $1.75bn in community benefits and infrastructure improvements.
The ownership team also includes design and construction firm McKissack & McKissack and investment bank Siebert Williams Shank & Company, both serving as minority- and women-owned entities.
The firm's President and CEO Cheryl McKissack Daniel spoke on the proposal, having said, "Metropolitan Park will transform asphalt parking into a year-round destination for fans and the community.
"As a family-owned business, we believe the most impactful projects are rooted in community, and Metropolitan Park reflects the neighborhoods it serves."
Metropolitan Park received approvals from each of New York's six Community Boards and underwent 29 public hearings prior to being granted a gaming license by the NYSGC.
Hard Rock and Cohen will pay a $500m license fee for Metropolitan Park, which is expected to be completed in June 2030.
Hard Rock Bet unveiled its Unity by Hard Rock Week promotion on December 8, featuring double reward points and double tier credits for online casino players
