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Developer pitches $4.6B Jersey City casino

Local News | Jul 10, 2014

Developer pitches $4.6B Jersey City casino

TRENTON, N.J. (AP) — New Jersey lawmakers say a venture capitalist wants to build a $4.6 billion casino in Jersey City, but the state would first need to allow casinos outside of Atlantic City.

State Sen. Raymond Lesniak says the plan calls for a more than 90-story hotel and residential tower, the world’s largest Ferris wheel and a car-racing stadium that could seat more than 100,000 fans.

The proposal was first reported by The Star Ledger. Gov. Chris Christie said last week that he is open to a discussion about allowing casinos outside of Atlantic City.

Assemblyman Ralph Caputo, chairman of his chamber’s Gaming and Tourism Committee, says he has also been briefed on the plan by a group that includes Reebok founder Paul Fireman. Fireman did not return a call Wednesday.

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