New York City: Thor and Partners release scale of Coney Island casino proposal

New York City: Thor and Partners release scale of Coney Island casino proposal

Article brief provided by Commercial Observer
  • Mark Hallum, Commercial Observer
May 16, 2024 3:36 PM

Thor Equities is honing the scope of its casino proposal for Coney Island, Brooklyn, a project now simply known as The Coney.

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Thor and its partners — Saratoga Casino Holdings, the Chickasaw Nation and Legends — have plans beyond blackjack tables. They announced Thursday that the $3 billion development plan will include a 500-room hotel, a 2,500-seat concert venue, 70,000 square feet of retail and 90,000 square feet of meeting and event space.

While the first renderings were released in March 2023 and the Joe Sitt-led Thor continues to wait for the New York State Gaming Commission to advise further on requirements to get one of the three downstate casino permits, the group released updated renderings of the partnership’s vision for the 5 acres between Stillwell Avenue, West 12th Street and Wonder Wheel Way.