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Cohen’s casino gets City Council approval
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Attendees of Wednesday’s groundbreaking were optimistic about the project’s potential positive impact. Their proposal would feature a towering glass building overlooking the amusement park in the heart of the waterfront community. The structure, dubbed “The Coney”, would feature a new hotel just steps from the iconic boardwalk. Thor Equities, a real estate investment firm, is partnering with Saratoga Casino Holdings and the Chickasaw Nation to build a casino in Coney Island. The company struck a deal with the Trump Organization to take 17 acres of the 300-acre property that adorns the Trump name.
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Cohen’s casino gets City Council approval
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No matter what proposal is approved, legislators such as Addabbo want the decision to come quickly, noting that the longer the state takes to award the licenses the longer it will be before the state benefits from the revenue. The company plans to lease the county-owned facility that has remained largely unused since the coronavirus pandemic. Advocates say the casino would bring year-round foot traffic and transform Coney Island from a seasonal venue into a year-round entertainment area. Bally’s, a large gaming company that operates in Atlantic City, is looking to develop a casino at Trump Golf Links in Throggs Neck. Cohen has held meetings, including two visioning sessions, with the public to solicit feedback as to what to incorporate in his plans. According to Soloviev, the overall project is being dubbed “Freedom Plaza,” and it would also include the construction of a museum dedicated to democracy.
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In January, local Community Board 13 recommended denial of the application, with residents skeptical that Thor Equities would come through with its promises of $200 million in community investment. The site loads quickly and adjusts to any browser, like Safari, Chrome, or Firefox. It’s just like the desktop version, so you won’t miss any games or bonuses.
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