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Thor Equities’ Coney Island casino in major jeopardy
['Trd Staff']
New York - The Real Deal
After a string of community advisory committees killed all of the casino projects across Manhattan, Joseph Sitt’s Brooklyn proposal is on thin ice.
Three members of the community advisory committee for Thor Equities’ Coney Island project came out against the casino proposal, Crain’s reported.
Reynoso said the proposal “failed to prove itself as a public good.”A spokesperson for Thor declined to comment.
The $3.4 billion casino, called the Coney, is proposed for a beachfront site and includes a 500-key hotel, 20 restaurants and a 25,000-square-foot entertainment venue.
Thor’s Peter McEneaney said Coney Island had “definitely fallen on hard times” and “the only way to correct that is a generational type project like this.”Should the CAC reject the Coney Island casino, it would thin the ranks of contenders for a downstate gaming license.
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'coney']