New York City signs Queens Future casino development agreement
New York City officials signed a pre-development agreement with Queens Future for the proposed Metropolitan Park casino resort at Willets Point, the parties said. The agreement allows redevelopment of city-owned land, but the developers still need one of three downstate casino concessions; a court order requires the city to protect the US Open organiser’s lease rights.
The agreement advances the casino proposal, while state concession approval remains necessary and the USTA’s lease rights must be protected.