Developers released new details about the $3 billion vision to transform Coney Island into a bustling casino destination, complete with a hotel, convention center, and entertainment facilities. Dubbed “The Coney,” the proposal includes a 500-room hotel, a 2,500-seat concert venue, over a dozen restaurants, and more than an acre of public space on the iconic Brooklyn waterfront.
“The Coney represents a year-round economic catalyst that would elevate local businesses and create thousands of jobs,” stated Sam Gerrity, CEO of Saratoga Casino Holdings. “You’re right there on the beach and it’s just this beautiful landscape, the Boardwalk. It’s got so much history and we’re going to use its already existing unique character and weave our project into the district.”
However, the project faces stiff competition. It is one of approximately ten bids vying for one of three gaming licenses available in New York City, with contenders spread across Midtown Manhattan, Queens, and the Bronx. Each hopeful must convince both the community and the New York Gaming Facility Location Board of their plan’s merits.
Critics and local residents remain skeptical about the introduction of a casino to the area. Concerns have been raised about the potential social implications and the actual long-term benefits to the community. A report released last year by the borough president highlighted widespread local opposition.
Despite this, the developers have embarked on a robust campaign to win over the community, involving local figures and sponsoring community events. “We believe that no other project would create as big of a lift as ours in terms of lifting up the local economy, which, again, right now is seasonal,” Gerrity explained.
The Coney is not just about gambling; it aims to be a multifaceted entertainment hub. “For two years we have been speaking with the residents of Coney Island and Southern Brooklyn about the need for a project that creates careers, supports local businesses, and centers entertainment around the idea of a playground that is truly accessible to the people,” added Gerrity.
