As Bally’s casino bid advances, The Coney is officially dead

Celia Bernhardt

Originally published in City & State New York on .
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Meanwhile, The Coney met its expected demise Monday afternoon, with a 4-2 CAC vote against advancing Thor Equities’ Coney Island proposal to the state Gaming Commission. 

 

The Coney had faced fierce grassroots opposition from residents and activists. Allegations of attendees being bribed to speak in favor of the development at public hearings added fuel to the fire.

City Council Member Justin Brannan, along with state Sen. Jessica Scarcella-Spanton and Brooklyn Borough President Antonio Reynoso, announced their intention to vote against the plan last week, sinking the proposal. Thor Equities attempted to sweeten the deal after that with a significantly revised community agreement, including an extra $100 million to bring the community trust fund to $300 million and a promise to hire 30% local employees instead of their previous 9%, among other things. 

Read the full article here.