The Real Deal New York

Ex-Reebok CEO proposes $4.6B Jersey City casino project

New Jersey voters would have to OK gambling venue outside of Atlantic City

July 09, 2014 12:25PM

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Paul Fireman and Liberty National Golf Course in Jersey City

A former CEO of Reebok International is been in talks with New Jersey lawmakers and politicians over bringing a $4.6 billion casino to Jersey City.

The casino-hotel property would rise 95 stories above New York Harbor and be located along the waterfront adjacent to the Liberty National Golf Course. There would also be a 107,500-seat stadium for motor sports, apartments and a big Ferris wheel.

Paul Fireman, a venture capitalist who runs Fireman Capital Partners in Boston, has been spearheading the proposal, according to the Newark Star-Ledger. He developed the Liberty National Golf Course in 2006.

Among the project’s obstacles is the requirement that state voters approve the amending of the New Jersey constitution to allow for a casino in a municipality that is not Atlantic City, the Star-Ledger reported.

Meanwhile, in Downtown Jersey City, Ironstate Development is building a 45-story rental tower on the site of a repurposed coal bunker, as previously reported. [Star-Ledger]Mark Maurer

  • no-permits

    this guy should stick to selling sneakers.

  • WannaBeLandlord

    Maybe after they spend 4.6 billion for another Jersey pie in the sky dream they can hire state trooper Kevin DeSactis to run the project and money into the ground like he did with the 2 year old $2.6b AC Revel Casino. I hear Telluride and Vail are really worried about competiton from the ski slope by MetLife Stadium once it opens. Don’t think your going to get the Indy 500 crowd to tee off on a St. Augustine PGA course, then gamble in a Macau high rise casino, and finish off the day with a nice London Ferris wheel ride to view the scenic Jersey sunset.

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