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The developers behind a $3 billion gamble to bring a casino to Coney Island have revealed new details for the plan they hope will transform the southern Brooklyn waterfront.
In addition to a gaming facility, “The Coney” would feature a 250,000-square-foot, 500-room hotel, a 2,500-seat concert venue, 92,000-square-foot convention center, a dozen restaurants, room for local businesses, public open space and more, according to newly shared specifics.
The development team — consisting of Thor Equities, Saratoga Casino Holdings, Legends and the Chickasaw Nation — has already spent a year and a half trying to sweeten the pot for reluctant locals with the promise of thousands of jobs.
“We have heard time and time again that Coney Island needs a project that provides year-round economic support while also lifting up the infrastructure in one of the most densely traveled areas of the community,” Sam Gerrity, CEO of Saratoga, said in a statement. “The Coney does just that.”
The entertainment hub would be right by the iconic Boardwalk and include more than an acre of public space, most of which would be part of a rooftop garden.
But the plan is far from a sure bet. The Coney is among about 10 contenders across the city vying for one of three highly competitive casino licenses on offer from the state in 2025. Five proposals are in Midtown Manhattan, one at Ferry Point in the Bronx and a pair in Queens: one by Citi Field and another at the existing Resorts World “racino.”
The casino competitors have been trying to woo their respective communities in the lead-up to state applications opening next year. Developers have offered public benefits ranging from green space to affordable housing in an effort to break away from the pack.
The Coney team has been campaigning hard since 2022, hiring the area’s former Council member and even sponsoring youth sports. Many Brooklynites have nonetheless been skeptical about a casino, with a report released last July by the borough president finding most locals were against it.
Gerrity still hopes the neighborhood will roll the dice.
“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,” he told the Daily News.
“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.”
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