“The Coney,” the casino seeking approval in the People’s Playground, will create a $200 million community trust fund to support the area if it’s approved, the development team announced on Thursday.
A board of local stakeholders, who would determine how the money would be used, would oversee the trust, and developers said the money could be used on projects like boardwalk improvements, safety and beautification around the neighborhood, and local workforce development.
“Coney Island is an incredible community and this $200 million trust will help make it even better for generations to come,” said The Coney representative and former city council member Robert Cornegy, in a statement.
