As the downstate New York casino licensing competition grinds slowly forward, a proposal for a $3 billion development in Coney Island has ignited fierce debate. It is drawing both vocal opposition and strong support from residents and stakeholders. (And it may not even be the most polarising contender in the New York news this week.
As the downstate New York casino licensing competitors grinds slowly ahead, a proposal for a $3 billion trend in Coney Island has ignited fierce debate. It is a long way drawing both vocal opposition and staunch make stronger from residents and stakeholders.
(And it’ll also now not even be the most polarising contender within the New York news this week. The Queens bids are within the news again. Extra on that under.)
The Coney Island mission is spearheaded by Saratoga Holdings, World Gaming Alternate choices of the Chickasaw Nation, Legends and Thor Equities. It objectives to remodel the historical beachfront neighbourhood right into a twelve months-spherical entertainment and financial hub. Besides to the casino, the concept entails a 500-room hotel, a 2,500-seat concert venue, over a dozen appealing areas and 92,000sqft of assembly and tournament web site.
No matter guarantees of job creation and financial revitalisation, many Coney Island residents are pushing support. They’re citing issues over the affect of playing on the community. At a town corridor assembly led by local activist Ronald Stewart this week, opponents voiced fears that the casino would harm rather than attend the web site.
“Those who say it would ship fee – no, it would rob fee from the folks who gamble their money away,” Stewart declared, shooting the sentiments of many who exertion the development will earnings most effective its investors.
New York, New York: Two sides to each epic
Stewart’s issues echo a neatly-recognized refrain in debates about playing growth. “In playing, they are saying the residence continuously wins and that is who will accumulate right here – the developers and their investors, now not the community.”
A New York casino also can construct jobs and appeal to visitors. However critics argue it would invent so at the price of local residents. Some shall be drawn right into a cycle of playing-connected monetary hardship.
Read right here for the fats epic.
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