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Developer pitches $4.6B Jersey City casino

TRENTON (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.

Jersey City skyline
Jersey City skyline (CityofJerseyCity.con)

State Sen. Raymond Lesniak (D)  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 (D), 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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(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed)

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