This announcement comes as a result of the New York State Gaming Commission's Request for Applications to develop and operate up to three downstate casinos and strategically leverages the category expertise, values, long-term vision, and culture of Mohegan and Soloviev Group which are well aligned. 

Established in 1995, Mohegan is an extension of the Mohegan Tribe of Indians of Connecticut and is the owner, developer, and manager of eight premier integrated entertainment resorts in the United States, Canada, and Northern Asia. 

For more than 25 years, Mohegan has delivered exceptional entertainment offerings – emerging as a global leader in the hospitality, gaming, and entertainment industries.

"Mohegan is known for the wide array of extraordinary experiences and exceptional service we provide our guests – but it is truly our culture, values and commitment to our community that set us apart as an organization," said Ray Pineault, CEO and President of Mohegan. 

"Our rich Mohegan heritage provides the foundation for how we operate our business and guides our commitment to our employees, our approach to guest services and our relationship with partners and the communities in which we operate and serve. We look forward to infusing our "Spirit of Aquai," our guiding philosophy, into New York State."

"As a leader in socially responsible development, we will honor, complement and advance Mohegan's principles through sustainable and carbon-neutral property development," said Stefan Soloviev, Chairman, Soloviev Group. "This strategic partnership will not only ensure that Freedom Plaza will be ethically developed, but provide long-term economic prosperity for the local community, a positive impression on regional and international tourism, and a lasting impact on New York City for generations to come."

The proposed Freedom Plaza will introduce the world's first museum dedicated to the celebration of freedom and democracy. Freedom Plaza will also serve the community at large with the availability of a substantial green area, a state-of-the-art performance venue, iconic Ferris Wheel, a 1,000+ room first-class hotel, and two residential towers which will work towards satisfying the city's critical shortage of housing.

The immediate surrounding area is largely undeveloped in terms of real estate, providing an opportunity for access without undue disruption. Connected to the Franklin D. Roosevelt East River Drive and numerous bus stops, Freedom Plaza is a short walk from the 34th Street ferry and Grand Central Station. The development team will also explore providing additional dedicated ferry service.

Within all these impacts it is expected that Freedom Plaza will generate thousands of well-paying jobs throughout the construction process and upon opening and inject the local economy with millions of dollars in new tax revenue.  

Finally, also the area businesses will be impacted by the halo effect of the city's newest destination. Both Soloviev Group and Mohegan are willing to provide a compelling bid and competitive proposal for the city of New York.