Jay-Z will give $250 million to Hell's Kitchen if he wins his bid to build the Caesars Palace Times Square casino in New York City.

Jay-Z's group would give an initial $15 million to the local community, plus ongoing grants based on .5% of the casino's performance, they say.

JAY-Z and Roc-Nation are offering the surrounding Times Square area an initial $15 million as part of a $250 million package.

Jay-Z's Roc Nation has unveiled a $15 million grant program for the NYC community surrounding the Caesars Palace Times Square casino bid.

Caesars Palace Times Square says it's committed to working with other organizations in the Hell's Kitchen community and giving back.

JAY-Z’s Roc Nation is taking the steps to ensure the creation his Caesars Palace Times Square casino does right by the community. On Monday (Sept. 23), the entertainment company announced a grant program to help Hell’s Kitchen and the surrounding areas near the proposed gambling house.

JAY-Z's Roc Nation will pledge a historic contribution to Hell's Kitchen if Caesars Palace's proposal for a new casino in the heart of New York City gets the green light. Shawn Carter's company, which leads the bid team for Caesars Palace Times Square,