The Shubert Organization is standing by Broadway theater owners’ opposition to SL Green’s and Caesars Entertainment’s controversial proposal to bring a casino to Times Square.
The Shubert Organization strongly reaffirmed Broadway theater owners’ opposition to SL Green’s and Caesars Entertainment’s controversial proposal to bring a casino to Times Square.
During a podcast last week hosted by CBRE senior economic advisor Spencer Levy, Shubert real estate VP Julio Peterson reiterated the League’s view that the plan to create a casino inside SL Green’s 1515 Broadway office tower would be “disruptive to theatergoers, and we don’t think it’s the best thing for our district.”
“I think we have to protect it and not get lost in sort of the immediate gratification . . . and not think of long-term solutions and sustainability for Broadway,” he said. His company is said to believe that the “Crossroads of the World” faces trouble not only from crime upticks, but also from less noticed trendsand the gradual replacement of national retailers by fast-food outlets.
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