• Loading stock data...
Thursday, June 13, 2024

Mets’ Owner’s Casino Bid Complicating MLS Stadium Project

  • Mets' owner Steve Cohen is using a request around Citi Field's parking lot as leverage in negotiations for his casino bid.
  • NYCFC is hoping to use Citi Field's parking lot for its new stadium.
New York City FC forward Kevin O'Toole (22) controls the ball from Orlando City SC forward Ivan Angulo (77) in the second half at Exploria Stadium.
Nathan Ray Seebeck-USA TODAY Sports

Mets owner Steve Cohen won’t allow an MLS neighbor to park for free on his lot.

NYCFC is deep in negotiations for a new, 25,000-seat stadium and housing development neighboring the Mets’ Citi Field, but the MLS team’s ambitions are tangled up in Cohen’s plans for the same area, according to The City.

The club — which isn’t required to offer parking — wants to use Citi Field’s parking lot for its home games, which would require the Mets’ approval. But Cohen is looking to build a casino near Citi Field on 50 acres designated as park land — and is holding out approval on a parking agreement as leverage.

Janice Simpson has put her 10% stake up for sale.

Texas Rangers Valued at $3 Billion With 10% Stake For Sale

MLB’s Texas Rangers have been valued at $3 billion, per Forbes.
May 18, 2023

The NYCFC project is set to transform the area around Citi Field. Plans call for 2,500 units of affordable housing next to the Mets’ stadium and a 650-seat school.

The soccer stadium would be built in the project’s second phase, which will also include a 350-room hotel and could begin by the end of 2024. Construction would be completed in time for the 2026 World Cup and 2027 MLS season.

Meanwhile, Cohen is up against groups including Las Vegas Sands, Resorts World, Related Cos., and Wynn Resorts for a New York City casino license. He’s partnering with Seminole Hard Rock on the bid.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Saudi Arabia’s Next Big Sports Target: Boxing, With Joint Venture Worth $5B

The Public Investment Fund of Saudi Arabia is focusing on boxing as its next large-scale sports target.

USA Cricket Is on the Cusp of a Historic Win. But Who Can Watch?

On Wednesday, the U.S. will face the pre-tournament favorite, India.
Manchester City FC corner flag in the Etihad Stadium

Legal Battles, Infighting Threaten Premier League’s Economic Recovery

Manchester City’s ongoing issues with Premier League rules are just part of a larger unease in English pro soccer.
podcast thumbnail mobile
Front Office Sports Today

Stanley Cup Final a Clash of Vastly Different Markets

0:00

Featured Today

Jan 3, 2022; Pittsburgh, Pennsylvania, USA; General view of the NFL shield logo signage before the Pittsburgh Steelers host the Cleveland Browns at Heinz Field.

Odds Stacked Against NFL in Multibillion-Dollar Sunday Ticket Trial

Why the class action trial does not look promising for the league.
Jan 7, 2024; San Francisco, California, USA; Toronto Raptors forward Jontay Porter (11) takes a three-point shot against the Golden State Warriors during the second half at Chase Center.
June 9, 2024

‘Bound to Happen’: The Age of the Sports Betting Scandal Has Arrived

A banishment, betting scheme, and guilty plea all in one scandal-filled span.
June 8, 2024

‘Experimental in Nature’: The Rapid, Confounding Rise of Streaming Bundles

Here’s why confusion continues to outweigh solutions in the streaming package boom.
June 2, 2024

The Nostalgia Market: Michael Jordan’s Memorabilia Remains Coveted, With Caveats

Due to scarcity, and sometimes, items’ undisclosed whereabouts, this world has limitations.

Where Will the Browns Play Next? Team Has Viable Stadium Options

Both the city of Cleveland and suburban Brook Park heighten their stadium pitches to the Browns.
June 3, 2024

Panthers Propose $800 Million in Bank of America Stadium Renovations

The Carolina Panthers would be on the hook for maintenance and overruns.
June 5, 2024

Kansas Makes Timely Play for Chiefs Stadium: Why It Could Happen

State legislative leaders publicly back consideration of funding for a new Chiefs stadium.
Sponsored

How HOKA is Reimagining the NIL Relationship

HOKA, the renowned athletic footwear and apparel brand, is betting on a new reality with NIL.
Jun 4, 2023; New York City, New York, USA; Exterior view of Citi Field prior to a Major League Baseball game between the New York Mets and the Toronto Blue Jays at Citi Field.
May 29, 2024

Mets Owner Steve Cohen’s Parking-Lot Casino Hopes Are Dying

The state senator announced she won’t introduce legislation required to advance the project.
May 28, 2024

‘Time Is Money’ for the Bears’ New Home. Now the Wait Is Even Longer

Illinois legislature set to adjourn spring session without considering the team’s funding request.
May 23, 2024

Selling Coliseum Site Is a ‘Headache Off of Oakland’s Plate’

The city announced plans to sell its stake for a minimum of $105 million.
May 21, 2024

Penn State’s $700M Plan Signals an Intensifying Facility Arms Race

Penn State trustees approve a $700 million renovation to Beaver Stadium.