New York’s state legislature would be required to pass a bill for the land to be relinquished. The project would need to gain approval for the annexation of its land due to its proposed site being state-owned property. Several obstaclesĬohen will have to overcome several hurdles to gain a state-sanctioned license to build the proposed complex, which has been coined Metropolitan Park.

The hedge fund manager, who plans to build the complex with SHoP Architects, is seeking one of three state licenses. The stadium, which is located in Queens, has been the home of the Mets since 2009.Ĭohen - who is worth an estimated $19.8 billion - is competing with more than other 10 applicants for a state license to build a casino in southern New York. The project, which would replace a 50-acre parking lot, will be next to Citi Field. New York Mets owner Steve Cohen has agreed to submit a proposal with Hard Rock International to build a casino and entertainment complex that is expected to cost $8 billion, according to Bloomberg. The owner of an MLB team is looking to bring a casino and entertainment complex to New York.