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Ex-Reebok CEO proposes $4.6B Jersey City casino project
New Jersey voters would have to OK gambling venue outside of Atlantic 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