A $3 billion casino project proposed for Coney Island has taken a significant step to win over the community by pledging a $200 million trust fund aimed at revitalising the area. The developers of “The Coney” hope the fund, along with promised jobs and infrastructure improvements, will help them navigate a contentious approval process amid public hearings and vocal opposition.
A Bold Promise: $200 Million for Community Initiatives
The proposed trust fund would be overseen by a board of local stakeholders, ensuring that the funds directly benefit the neighbourhood. Key initiatives include upgrades to the historic boardwalk, improved safety measures, workforce training programmes, and the addition of public art.
“Coney Island is an incredible community, and this $200 million trust will help make it even better for generations to come,” said Robert Cornegy, a spokesperson for the project and a former city council member. He emphasised that the casino would create year-round employment opportunities and spur economic growth in a region that currently relies heavily on seasonal tourism.
The fund has garnered support from several community leaders. Pat Singer, founder of the Brighton Beach Neighborhood Association, highlighted the need for long-overdue repairs to the boardwalk. “By approving this project, you will open the door to new funding, which will raise the quality of life for the people in Coney Island,” she said.
Community Divided Over Potential Benefits and Risks
While supporters are optimistic about the economic boost, opponents argue that the casino could fundamentally alter the character of Coney Island. Concerns include rising rents and property taxes, increased traffic congestion, and potential threats to the area’s cultural and historical identity.
Charles Denson, executive director of the Coney Island History Project, expressed deep reservations, calling the zoning changes a “greedy land grab” and warning of “catastrophic destruction of the entire neighbourhood.”
Coney Island USA, a local arts organisation, has also voiced strong opposition. In a statement, the group urged residents to reject what they see as “destructive development” that could jeopardise the area’s unique cultural fabric.
Developers’ Efforts to Address Criticism
In response to these concerns, the developers have made revisions to the plan, including the addition of a public rooftop garden offering scenic views of the beach and boardwalk. This space, notably, will not require casino entry, underscoring the project’s commitment to inclusivity.
The development group has also taken steps to build goodwill in the community. They recently donated $50,000 to renovate basketball courts at Surfside Gardens NYCHA and hosted a free basketball clinic for local children. However, critics remain sceptical about whether these gestures can offset the potential negative impacts of the casino.
Key Zoning Changes and Next Steps
To move forward, the developers have filed a land use application requesting zoning changes. These include closing Bowery Street, purchasing air rights over neighbouring streets, and constructing taller buildings connected by pedestrian bridges. These changes are central to the proposed design but have also sparked criticism for their potential to alter the neighbourhood’s character.
The proposal is currently under review by the Land Use Committee of Community Board 13, which will vote on it on Jan. 15. A full board vote is scheduled for Jan. 22. These decisions are critical steps in determining whether “The Coney” moves forward.
Competing for a Gaming Licence in a Crowded Field
“The Coney” is one of nearly a dozen proposals competing for three downstate New York gaming licences. Developers face a competitive process, with applications due later this year and final decisions expected in December. Before the state grants any licences, a Community Advisory Committee must gauge public support for each project.
This final step could prove to be a significant hurdle for the Coney Island casino, as the proposal’s future rests on whether developers can reconcile the community’s concerns with the promised benefits.
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