New York council approves Coney Island casino rezoning
The New York City Council has approved a controversial rezoning proposal for Coney Island, paving the way for the development of a large-scale casino and entertainment complex known as The Coney, reported by the Brooklyn Paper. Supporters argue that the project could bring significant economic benefits to the area, while critics fear it may fundamentally alter the character of the historic neighbourhood.
Rezoning approval and its implications
The proposal was passed with a 36–11 vote, with four council members abstaining. This decision enables key actions to proceed, including the removal of Bowery Street from the city map to facilitate construction, and the acquisition of air rights necessary for vertical development. These steps are essential for the proposed project to advance.
Overview of the development plan
Real estate firm Thor Equities is behind the ambitious plan to transform a section of Coney Island into a commercial and entertainment hub. While previous initiatives have aimed at economic revitalisation, this proposal is among the most extensive—and contentious—to date.
The development includes a casino, a 500-room hotel, a convention centre, retail space, and a 1,500-space parking garage. It also features three high-rise buildings, some reaching up to 402 feet, connected by two pedestrian bridges. The project would significantly reshape an area traditionally known for its amusement attractions and seasonal businesses.
The casino licencing challenge
The casino component of the development remains uncertain. Thor Equities is competing for one of three downstate gaming licences, with a decision expected by the end of the year. The process involves public hearings, review by a Community Advisory Committee, and approval by a two-thirds vote of the committee. If the licence is denied, the rezoning will be reversed, preventing alternative uses. If approved, construction is expected to begin in autumn 2025, with completion projected between 2027 and 2028.
Local government’s role and economic prospects
Council Member Justin Brannan, who represents the district, acknowledged the divided public opinion and stressed the importance of community engagement. He emphasised that all stakeholders should be heard through the Community Advisory Committee. Borough President Antonio Reynoso expressed conditional support, noting that he remains cautious and wants the development to reflect local priorities.
Proponents of the project emphasise its potential financial impact. “The council vote moves the development closer to implementation,” said Melissa Gliatta, Chief Operating Officer of Thor Equities. Estimates suggest the creation of 4,500 permanent jobs and 4,000 union construction roles. The plan also includes a $200 million contribution to a community trust fund and an annual $15.97 million allocation for emergency services.
Opposition and community concerns
Council Member Inna Vernikov, whose district includes parts of Coney Island, criticised the project, stating that many residents oppose the idea of a casino in the area.
The proposed development zone includes the historic cultural organisation Coney Island USA. Its Artistic Director, Adam Rinn, voiced disappointment over the project’s approval. According to the organisation, more than 20,000 people have signed a petition opposing the casino.
