New York City officials have rejected a proposal to develop a casino and resort in Times Square , a $5.4 billion project that counted Jay-Z’s Roc Nation among its backers .

Roc Nation had partnered with the gambling giant Caesars Entertainment and the major New York City developer SL Green to propose the Caesars Palace Times Square casino. But as The New York Times reports, the project faced stiff resistance from local residents, as well as Broadway groups and theaters.

The proposal was voted down four-to-two on Wednesday, Sept. 17, by a six-person Community Advisory Committee charged with approving casinos in New York. The Committee comprises members appointed by elected officials, and makes its decision based on local support for the proposals. The only two committee members

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