Coney Island Community Board Opposes $3B Casino

Posted on: May 1, 2023, 07:00h. 

Last updated on: May 1, 2023, 07:00h.

Coney Island residents are mulling whether supporting a $3 billion casino resort proposed for the Brooklyn beach town is in the community’s best interests. But a powerful group of government-appointed members says such a development would only diminish the quality of life in the neighborhood best known for Nathan’s Hot Dogs’ annual hot dog eating contest, the Wonder Wheel Ferris wheel, and Cyclone roller coaster.

Community Board 13 is one of 59 community boards in New York City. Each local board is comprised of unsalaried members who are appointed by borough presidents in consultation with borough council members. Community board members must reside and/or work in the community they represent.

Community boards serve borough districts in advisory roles and most often consult on land use and zoning matters. Coney Island’s Community Board 13 recently weighed in on the proposed $3 billion casino, a resort concept pitched by a consortium led by New York real estate giant Thor Equities that includes Saratoga Casino Holdings, the Chickasaw Nation, and Legends Hospitality.    

Community Opposition

Thor’s casino consortium wants to construct a gaming resort called “The Coney” at Surf and Stillwell avenues on roughly five acres of land that Thor owns. But during a meeting last week, Community Board 13 members voted on a resolution that opposes the casino.

We’re already drowning in traffic half of the year. Now, you want to bring more traffic in. We don’t want it,” said CB13 Chair Lucy Mujica Diaz.

The board’s official non-binding resolution cited typical concerns about legalizing casino gambling, including the potential for increased crime and other societal drains.

“Our community cannot endure the substantial burden and problems that this venue will generate. We request that our local elected officials collaborate with us to address our existing problems, not drown us with additional problems. Community Board 13 is listening to our community and recommends opposing a casino development in our district and urges our elected officials to inform the New York State Gaming Commission of the decision of the community they represent,” read the resolution, which passed by a vote of 23-8.

“I completely agree with the overwhelming opposition from the community in Coney Island,” commented Brooklyn Councilman Ari Kagan, who represents Coney Island. “I hear this is not just in Coney Island but all over southern Brooklyn. The overwhelming majority of people I talk to are against the casino.”

Community Support

The casino developers say the CB13 resolution is premature. Officials with the consortium say they’ve canvassed the Coney Island community and have already garnered more than 3,300 signatures in support of the project.

New Yorkers know a good deal when they see one, and that’s why after going door to door and business to business, we’ve received more than 3,300 signatures from the community in support of the gaming and entertainment venue,” a statement from the consortium read. “A gaming and entertainment venue on Coney Island is going to bring year-round jobs, create economic opportunities, improve public safety, help small businesses, and revitalize an iconic community looking to build a brighter future.”

The consortium added, “Any judgments about this project … before the full details and community benefits agreement are finalized is premature, shortsighted, and leaves the community struggling with the very same issues around unemployment, infrastructure, and public safety that it currently bemoans.”

Plenty of Competitors

New York’s 2013 commercial gaming law authorized four upstate casinos and three downstate, the latter defined as New York City, Long Island, and the Lower Hudson Valley. The 2013 law provided a 10-year delay for the state to issue the downstate licenses to give the four upstate properties time to build their customer bases and lure downstate residents north.

Numerous developers are betting big on securing one of the three coveted downstate licenses. But only one concession is considered to be up for grabs, as MGM Resorts’ Empire City Casino in Yonkers and Genting’s Resorts World New York City in Queens — currently racinos that can only operate electronic gaming tables and video lottery terminals — are heavy favorites for two of the permits.

With just one license presumably available, the competitive bidding is intense for the permit that comes with a one-time $500 million fee.

Mohegan and Stefan Soloviev are also readying a Manhattan casino presentation on the East Side just south of the United Nations Headquarters. And the Bally’s Corp. is partnered with The Trump Organization for a casino bid at the latter’s Trump Golf Links at Ferry Point in the Bronx.