Rev. Al Sharpton, a prominent civil rights leader, will partner with the group pitching a Times Square casino to pursue low-cost equitable investment opportunities for the development.
Caesars Palace Times Square — a joint bid between entertainment companies SL Green, Caesars Entertainment and Roc Nation to build a casino in Times Square — would offer $500 ownership stakes under the “inclusive ownership” model, which would allow low-income local households to invest in large-scale real estate.
Caesars Palace announced the partnership with Sharpton and Ryan Williams, founder of the real-estate investment platform Cadre, in a Wednesday press release.
The partnership aims to invite local households who are typically excluded from real-estate investment opportunities to participate in the Caesars Palace venture.
