As sixteen theatrical productions gear up for their final curtain calls in the approaching weeks, the Times Square Alliance has issued a statement of solidarity, emphasizing the gravity of the situation. With these closures affecting almost forty percent of Broadway venues, the Alliance is lending its full support to the proposed Times Square gaming establishment project.
“This very weekend witnesses the conclusion of four performances – *1776*, *Into the Woods*, *Almost Famous*, and *Beetlejuice* – underscoring that Times Square has yet to rebound financially from the global health crisis,” the declaration states. The extraordinary quantity of productions ending prematurely this season has generated a pivotal juncture that will shape the destiny of Broadway and the Times Square vicinity.
“Luckily, we possess a chance to draw in fresh tourists to the Theater District and guarantee that Times Square persists as the premier entertainment locale in New York City: the Caesars Palace Times Square endeavor.”
The statement cites the October 2022 proclamation by Caesars Entertainment to collaborate with SL Green Realty Corp. to introduce a completely new casino at 1515 Broadway in Times Square. The Alliance stresses the project’s prospective societal and financial advantages, encompassing employment generation and income for New York City, as they gather backing from interested parties.
The organization representing Broadway productions has endorsed the suggested Caesars Palace Times Square gambling establishment development, highlighting its capacity to rejuvenate the Theater District. They estimate the casino will draw in more than 400,000 fresh attendees each year, increasing Broadway’s income by over $65 million. This, they contend, will advantage not only Broadway, but the whole Times Square vicinity, bringing a wave of business to lodgings, eateries, and amusement spots.
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