SL Green seeking loan extension for site of proposed Caesars casino

In an attempt to bring a casino hotel to Times Square, SL Green, a real estate partner, is seeking an extension on a $743 million loan associated with the property in New York City.

In an effort to open a casino in Times Square, SL Green announced in October 2022 that it was collaborating with Caesars Entertainment. The following month, Jay-Z'sentertainmentcompany, Roc Nation, joined the consortium. At 1515 Broadway, the group made a pitch at a $4 billion casino hotel.

 

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SL Green is working to bring a casino hotel to Times Square in collaboration with Caesars Entertainment and Roc Nation, with a $4 billion project proposed for 1515 Broadway. The company is now seeking an extension on a $743 million loan tied to the property. This ambitious venture aims to transform the area by integrating a luxury casino hotel into one of New York City's most iconic locations.