Coney Island's Casino Future: 'The Coney' Promises $200M Boost
Brooklyn's Coney Island is set to transform with 'The Coney', the sole casino proposal for the downstate New York casino licenses. Thor Equities, Global Gaming Solutions, and Saratoga Casino Development are behind this $200 million project, which promises significant community investment.
The Coney, submitted in May 2024, envisions a casino resort with a gaming facility, a 500-room hotel, a 2,500-seat theater, a 70,000-square-foot retail area, and 90,000 square feet of meeting and event facilities. If granted a license, the developers have pledged $200 million to a Coney Island community trust. This fund would support grants, small business assistance, economic mobility, boardwalk and open space improvements, safety upgrades, public art, and environmental projects.
The project has garnered local support. Pat Singer, founder of the Brighton Neighborhood Association, believes it will enhance the quality of life for Coney Island residents. Robert Cornegy, a spokesperson for The Coney, praised the community and assured that the investment would benefit both current and future generations.
The Coney, the only casino proposal in Brooklyn, promises a significant boost to Coney Island's economy and community. With a pledge of $200 million for local initiatives, the project has sparked optimism among residents and stakeholders alike, awaiting the decision on the downstate New York casino licenses.
