JERSEY CITY LIST - Re: A casino in Jersey City? Venture capitalist wants to make it happen [Real Estate]

Re: A casino in Jersey City? Venture capitalist wants to make it happen

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Vigilante wrote:
Quote:

jcman420 wrote:
Rule #1 to any discussion about bringing a casino/ resort to Anywhere, USA: You're not allowed to use the words "Las" or "Vegas."

No casino in the U.S. is like Las Vegas (sorry, broke my rule) and no casino in the U.S. ever will be. Putting aside the fact that that particular city has a whole host of economic and environmental sustainability issues which will likely limit its own shelf-life, the city and its culture are utterly unique. They have never been replicated anywhere else.

If a casino developer proposing a casino in the northeast compares the project to the casinos of that southwest city, you know he's a snake-oil salesman.

Want to see what a casino in Jersey City will look like? Take a look at the Parx in Philadelphia or some Harrah's out in western PA. There will be no jet-setting NYC tourists trying to recreate their summers on the French Riviera. There will be 300 lb. old ladies on Little Rascals with oxygen tubes in their nostrils double-fisting Winstons.

Exactly this. It's hilarious when people write things like "targeted demographics" and "developers are promising". Oh it all looks so good on paper.

You do have to admit that this developer stuck to his chosen demographics when he developed Liberty National. Which tells me that his casino will likewise be targeted to the well-to-do. The high rollers will get golf privileges, I am sure. This will not be targeted to the riff raff - that will be the Meadowlands. How successful this plan will be is another question.

Posted on: 2015/6/9 18:07

Vigilante

Re: A casino in Jersey City? Venture capitalist wants to make it happen

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Quote:

jcman420 wrote:
Rule #1 to any discussion about bringing a casino/ resort to Anywhere, USA: You're not allowed to use the words "Las" or "Vegas."

No casino in the U.S. is like Las Vegas (sorry, broke my rule) and no casino in the U.S. ever will be. Putting aside the fact that that particular city has a whole host of economic and environmental sustainability issues which will likely limit its own shelf-life, the city and its culture are utterly unique. They have never been replicated anywhere else.

If a casino developer proposing a casino in the northeast compares the project to the casinos of that southwest city, you know he's a snake-oil salesman.

Want to see what a casino in Jersey City will look like? Take a look at the Parx in Philadelphia or some Harrah's out in western PA. There will be no jet-setting NYC tourists trying to recreate their summers on the French Riviera. There will be 300 lb. old ladies on Little Rascals with oxygen tubes in their nostrils double-fisting Winstons.

Exactly this. It's hilarious when people write things like "targeted demographics" and "developers are promising". Oh it all looks so good on paper.

Posted on: 2015/6/9 15:48

dtjcview

Re: A casino in Jersey City? Venture capitalist wants to make it happen

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stillinjc wrote:
Quote:

jcman420 wrote:

If a casino developer proposing a casino in the northeast compares the project to the casinos of that southwest city, you know he's a snake-oil salesman.

No snake oil here. This developer (and Fulop) are promising Macau and Kowloon.

The targeted demographic are the NYC tourists - closing on 60 million/year. The draw is the most iconic skyline in the world. Done right, JC is probably one of the few places in the US where you don't need to bus in low-income gambling addicts.

Save the moral outrage for lottery tickets and Candy Crush.

Posted on: 2015/6/8 21:39

Re: A casino in Jersey City? Venture capitalist wants to make it happen

#266

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Quote:

jcman420 wrote:

If a casino developer proposing a casino in the northeast compares the project to the casinos of that southwest city, you know he's a snake-oil salesman.

No snake oil here. This developer (and Fulop) are promising Macau and Kowloon.

Posted on: 2015/6/8 21:14

bill

Re: A casino in Jersey City? Venture capitalist wants to make it happen

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What would be the draw of a NYer to this casino when you can get to the Resorts Casino without transferring off the A?!?

[EDIT]
Ahh, one reason would be table games.

Posted on: 2015/6/8 20:56

jcman420

Re: A casino in Jersey City? Venture capitalist wants to make it happen

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Rule #1 to any discussion about bringing a casino/ resort to Anywhere, USA: You're not allowed to use the words "Las" or "Vegas."

No casino in the U.S. is like Las Vegas (sorry, broke my rule) and no casino in the U.S. ever will be. Putting aside the fact that that particular city has a whole host of economic and environmental sustainability issues which will likely limit its own shelf-life, the city and its culture are utterly unique. They have never been replicated anywhere else.

If a casino developer proposing a casino in the northeast compares the project to the casinos of that southwest city, you know he's a snake-oil salesman.

Want to see what a casino in Jersey City will look like? Take a look at the Parx in Philadelphia or some Harrah's out in western PA. There will be no jet-setting NYC tourists trying to recreate their summers on the French Riviera. There will be 300 lb. old ladies on Little Rascals with oxygen tubes in their nostrils double-fisting Winstons.

Posted on: 2015/6/8 20:35

tommyc_37

Re: A casino in Jersey City? Venture capitalist wants to make it happen

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Sommerman wrote:
Geez, I was envisioning more of a Monte Carlo environment. People arriving by boat, strict dress codes, high minimum wagers, etc. Doesn't NYC get 50,000,000 tourists? Surely some of them will pack their 'smoking' and hop aboard a well fitted out boat, while the kids are left at the hotel with a babysitter arranged by the concierage. Doesn't the area around JC have a huge number of wealthy families? This casino can be whatever the owners want it to be. The tawdry vision in some of the previous posts is probably not inevitable.

I think in theory I would have less of a problem with this, if it was executed the way you describe. But Jersey City does not have a track record of executing anything that's outside of the box with a high level of success.

This would be a big mistake. Put a casino in the Meadowlands near the other trash-magnet to be, the Xanadu ski slope/mall.

Posted on: 2015/6/8 20:09

Sommerman

Re: A casino in Jersey City? Venture capitalist wants to make it happen

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Geez, I was envisioning more of a Monte Carlo environment. People arriving by boat, strict dress codes, high minimum wagers, etc. Doesn't NYC get 50,000,000 tourists? Surely some of them will pack their 'smoking' and hop aboard a well fitted out boat, while the kids are left at the hotel with a babysitter arranged by the concierage. Doesn't the area around JC have a huge number of wealthy families? This casino can be whatever the owners want it to be. The tawdry vision in some of the previous posts is probably not inevitable.

Posted on: 2015/6/8 19:53

tommyc_37

Re: A casino in Jersey City? Venture capitalist wants to make it happen

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KenCares is spot on. It's shameful that Fulop is behind this. I really hope it doesn't happen. We don't need it.

Posted on: 2015/6/8 19:24

Re: A casino in Jersey City? Venture capitalist wants to make it happen

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It's not fear mongering. It's what happens EVERY TIME you build a casino. It's the most slime ball way of trying to raise money from the worst(off) people in the world. It's like Meth for government. A blinding intense high (of $) that will destroy your body and mind (the city and its people).

Shame on Fulop for supporting this. He's lost all credibility. Really, fuck that guy.

"It translates into rises in suicide, embezzlement and bankruptcy that have real social costs."
http://www.nytimes.com/2008/04/13/mag ... &ref=magazine&oref=slogin

"The Connecticut casinos have created a pervasive gambling culture in the southeastern region of the state, skewed the region's economy and pushed it toward low-paying service jobs, he said.
Steele said traffic from the casinos has overwhelmed local roads, drunk-driving arrests have soared and the number of calls to local police has increased fourfold.
Casinos receive 40 to 60 percent of their profits from problem gamblers, yet government is "mesmerized" by the gaming industry, Steele said."
http://www.southcoasttoday.com/article/20140605/News/406050356

"When casinos move in, other businesses are often forced to close down. The examples of Atlantic City or Niagara Falls confirm that observation. Gambling preys on people who are poor, luring them with the promise of a life free from financial worries and burdens.
Sixty percent of casino revenue comes from gamblers making less than $25,000 per year. As a result, bankruptcy rates are 100 percent higher in counties with casinos than in counties without casinos. While casinos may bring in tax revenue, this is perhaps the worst form of regressive taxation imaginable. The poorest of the population are the ones funding this tax revenue.
Gambling adversely affects family life. Divorce, child neglect and suicides are products of gambling addictions.
Casino gambling is especially addictive with corporate strategies to stimulate the problem gambler into spending more and more. In challenging economic times, people are tempted to grasp for straws from people promising jobs. This is a very hollow promise. Gambling never creates wealth because no product or service is produced.
Gambling merely facilitates the movement of money from the hands of many to the hands of a few large corporations dedicated to the spread of gambling."
http://www.cantonrep.com/article/20091006/NEWS/310069799

And there's plenty more to read about if you're truly naive enough to think that a casino is a good thing to have anywhere near you.

Posted on: 2015/6/8 19:03

user1111

Re: A casino in Jersey City? Venture capitalist wants to make it happen

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The fear mongering on this board is beyond pathetic.

Posted on: 2015/6/8 18:36

http://googleitbitch.com/

Re: A casino in Jersey City? Venture capitalist wants to make it happen

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This ain't vegas.

Also, does anyone remember the Super Bowl transit nightmare?
http://deadspin.com/why-the-super-bow ... tmare-happened-1514932712

The traffic will be horrendous around met life stadium ( http://www.nj.com/bergen/index.ssf/20 ... s_traffic_even_worse.html )

and if they build it in JC and build that bridge into LSP all those drunk low-lifes are going to be coming right down Jersey Ave and filtering through DTJC running stop signs blasting music, killing pedestrians, robbing people for gambling money, and having sex with prostitutes in our alleys and quiet streets.

It'll be a menace with no upside for Jersey.

Posted on: 2015/6/8 18:29

Re: A casino in Jersey City? Venture capitalist wants to make it happen

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Quote:

kencares wrote:
Here's a preview of what a casino in this area would be like:

http://www.nydailynews.com/news/crime ... stadium-article-1.2250075

Yeah, sure, these things happen routinely after Celine Dion concerts in Vegas. All the time.

Posted on: 2015/6/8 17:48

tommyc_37

Re: A casino in Jersey City? Venture capitalist wants to make it happen

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Agreed, this will attract a trashy element. If they want to put this in the Meadowlands, that's fine, but Jersey City does not need this.

Posted on: 2015/6/8 17:17

Re: A casino in Jersey City? Venture capitalist wants to make it happen

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You're not going to have a classy casino here. It's going to be a trashy riot magnet from the opening day. Just take a look at the one they built in queens.

http://www.nydailynews.com/new-york/n ... -queens-article-1.2173208

http://www.nytimes.com/2012/07/14/nyr ... .html?_r=2&pagewanted=all

Only the lowest of the low will go. We need culture, not casinos.

Posted on: 2015/6/8 16:31

bodhipooh

Re: A casino in Jersey City? Venture capitalist wants to make it happen

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Quote:

kencares wrote:
Here's a preview of what a casino in this area would be like:

http://www.nydailynews.com/news/crime ... stadium-article-1.2250075

Come on! I am not a supporter of the casino idea, but you are totally being disingenuous by comparing a HIP HOP concert at a STADIUM with a casino. First of all, those are two totally different demographics being courted, and the setup and operations of both are completely different.

Posted on: 2015/6/8 15:50

JGJDNYCJC

Re: A casino in Jersey City? Venture capitalist wants to make it happen

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Quote:

kencares wrote:
Here's a preview of what a casino in this area would be like:

http://www.nydailynews.com/news/crime ... stadium-article-1.2250075

Is this a frequent thing in Vegas as well?

Posted on: 2015/6/8 15:00

Re: A casino in Jersey City? Venture capitalist wants to make it happen

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Here's a preview of what a casino in this area would be like:

http://www.nydailynews.com/news/crime ... stadium-article-1.2250075

Resized Image

Posted on: 2015/6/8 14:51

neverleft

Re: A casino in Jersey City? Venture capitalist wants to make it happen

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As Atlantic City struggles, a bet is made on new casinos

By Ted Sherman | NJ Advance Media for NJ.com
On June 07, 2015 at 9:00 AM, updated June 07, 2015 at 11:06 AM

JERSEY CITY ? The way to Liberty National takes one down a pockmarked, two-lane road just off the New Jersey Turnpike, through an industrial part of Jersey City. It is a deceiving entrance for the exclusive golf course reclaimed from a contaminated wasteland.

Just past the guarded unmarked gate, a gleaming glass-and-steel clubhouse looks out over New York Harbor, where the towers of Manhattan and the Statue of Liberty offer a breathtaking backdrop for the expansive course. It is here where a Massachusetts venture capitalist wants to build a $4 billion casino resort that would be known as Liberty Rising?a gaming palace of restaurants and clubs, topped by a towering hotel of 1,500 rooms.

Nj.com piece?

http://www.nj.com/news/index.ssf/2015 ... 2box_nj-homepage-featured

.

Posted on: 2015/6/7 18:38

JCMan8

Re: A casino in Jersey City? Venture capitalist wants to make it happen

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Lottery tickets are the government's way of getting their welfare checks back.

Posted on: 2015/6/4 4:31

Re: A casino in Jersey City? Venture capitalist wants to make it happen

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No I did not buy a powerball ticket. Gambling is nothing but a tax. It always amazes me how many poor people buy hundreds of dollars worth of ticket then petition government for affordable housing.

Posted on: 2015/6/4 3:07

Seagull

Re: A casino in Jersey City? Venture capitalist wants to make it happen

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Yvonne wrote:
I'll pass on visiting a brothel, however, Atlantic City is desperate for its casino to survive. Next it will want to legalize all forms of illegal drugs just to survive. Jersey City has problems dealing with crime especially in Wards A and F. We don't need to add to this problem with legalize gambling.

News flash! Gambling is already legal. I hope you bought a Powerball ticket for tonight's drawing.

Posted on: 2015/6/4 2:01

Re: A casino in Jersey City? Venture capitalist wants to make it happen

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I'll pass on visiting a brothel, however, Atlantic City is desperate for its casino to survive. Next it will want to legalize all forms of illegal drugs just to survive. Jersey City has problems dealing with crime especially in Wards A and F. We don't need to add to this problem with legalize gambling.

Posted on: 2015/6/4 1:26

Seagull

Re: A casino in Jersey City? Venture capitalist wants to make it happen

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Yvonne wrote:
So much for the unbelievable, many want to legalize prostitution in Atlantic City, whether you believe it or not. Already this article mentions 28 arrests for prostitution. The same will happen here.
http://www.nj.com/news/index.ssf/2012 ... on_sweep_in_atlantic.html

You're either incredibly sheltered or just very naive. You're acting like Jersey City doesn't already have massive amounts of prostitutes here. I can give you the address of a brothel on Newark Ave. if you're interested. You're mind would be blown.

Posted on: 2015/6/3 23:52

Re: A casino in Jersey City? Venture capitalist wants to make it happen

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So much for the unbelievable, many want to legalize prostitution in Atlantic City, whether you believe it or not. Already this article mentions 28 arrests for prostitution. The same will happen here.
http://www.nj.com/news/index.ssf/2012 ... on_sweep_in_atlantic.html

Posted on: 2015/6/3 22:33

Re: A casino in Jersey City? Venture capitalist wants to make it happen

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Yvonne wrote:
Atlantic City is now saying in order to save gambling you must legalize prostitution. This is the reason I don't want to see gambling here. http://www.trentonian.com/opinion/201 ... ity-legalize-prostitution

With your fact-twisting you have absolutely no credibility in anything you say and must be ignored.

Posted on: 2015/6/3 20:36

rescuelife

Re: A casino in Jersey City? Venture capitalist wants to make it happen

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Yvonne wrote:
Atlantic City is now saying in order to save gambling you must legalize prostitution. This is the reason I don't want to see gambling here. http://www.trentonian.com/opinion/201 ... ity-legalize-prostitution

No. A columnist for the Trentonian who is known for satirical and often very sarcastic editorials wrote that.

Posted on: 2015/6/3 20:30

Lima17

Re: A casino in Jersey City? Venture capitalist wants to make it happen

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Yvonne wrote:
Atlantic City is now saying in order to save gambling you must legalize prostitution. This is the reason I don't want to see gambling here. http://www.trentonian.com/opinion/201 ... ity-legalize-prostitution

Atlantic City is now saying this?? It appears to me this is just the opinion of a columnist at the trentonian. I'm sure you he's happy you linked him though.

Posted on: 2015/6/3 20:26