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

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