Jay-Z seemingly never rests.
On Monday morning, September 23, Jay-Z’s Roc Nation announced plans for an “unprecedented grant program” tied to the profit of Caesars Palace Times Square, a casino in development from Jay-Z, Roc Nation, and SL Green and Caesars Entertainment.
Roc Nation posted the news on Instagram .
“As part of $250 million community benefits commitment, Caesars Palace Times Square guarantees $15 million in initial funding to support community investments,” it reads. “Ongoing support tied directly to financial performance comes in addition to the $250 million.”
The statement continues:
“Led and initiated by Roc Nation, the bid team behind the proposal for Caesars Palace Times Square has announced a first-of-its-kind financial commitment to the Hell’s Kitchen community, including Manhattan Plaza, the famed artists’ affordable housing development.
The community would receive an initial $15 million from Caesars Palace Times Square upon arrival of its bid, and regular grants funded based on .5$ of casino performance. The unprecedented plan is another significant pillar of the Caesars Palace Times Square team’s unwavering commitment to uplifting Manhattan’s West Side and investing in New York.”