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

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

Paul Fireman and Liberty National Golf Course in Jersey City
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.

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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