NYC's 9 West Landlord Pitches Equity Bet for a Manhattan Casino
Soloviev Group, the real estate developer that owns a major office tower at 9 West 57th St. in Manhattan, is proposing a way for New York City residents to benefit from its potential casino project.
Soloviev and Mohegan aim to invite New York City residents to contribute as much as 12% of any initial public equity they plan to raise for their proposed gaming facility along the East River, giving everyday people an opportunity to become stakeholders in their casino project, according to a statement Tuesday. The firms also intend to provide allocations to eligible New York pension funds.
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