# Coney Island Casino Faces Community Opposition

Some Brooklyn residents are not happy with Coney Island's casino plans. Local residents are skeptical and concerned about potential gaming facilities in the borough, according to a report by Brooklyn Borough President Antonio Reynoso. It indicates that there are three times more dissenting opinions than there are pros and cons.

The casino bid is part of a coalition of Thor Equity Group, Chicaso Nation, Saratoga Casino Holdings and Legend Hospitality Group and was presented months ago. If their proposal gets one of the three downstate licenses, it will also create about 4,000 jobs while providing hotel and park space.

Reynoso's report compiled feedback from the Community Forum, along with more than 200 questions dealing with casino issues. Many observations have expressed concerns that potential casinos could trigger problematic gambling, while also affecting housing costs and leading to increased crime and traffic. There was also some optimism because the project would create jobs.

One of the comments referred directly to Thor Equity, saying they could have taken a more active interest in their neighborhood at any time by addressing many of the things they are currently promising in exchange for our support for their casino proposal. Coney Island's long-term property owner, Chief Executive Joseph Shet, described the casino bid as an underdog.

Mr. Reynoso has not yet made a position on the subject and is holding out for further information. If companies submit applications to continue with the state board, the committees will review the bidding. In addition to all necessary zoning permits, bids must be approved by the Commission two-thirds before they can proceed for review by the state board.

The borough chief explained that it is normal for negative comments to come into casinos, and that the main point of the forum is to allow residents to express their concerns if the proposal advances. He added that everyone should be included in the talks, and said he would like to hear what people want to upgrade in the neighborhood once the casino goes ahead.

But in order for casinos to come to life, Thor Equity and their partners must obtain one of three downstate gaming licenses. But competition is pretty scary. Las Vegas Sands is one of the interested parties and is also considered a leader by Wells Fargo analyst Daniel Politzer. The goal is to establish a casino resort in Nassau County, New York.

Earlier this month, Larry Silverstein's bid to host a casino on a 2.1-acre site on Manhattan's West Side on 41st and 11th Streets was delayed. For the Avenir project, the developer partnered with Greenwood Gaming & Entertainment. If it comes true, the site will feature Sky Bridge, an eight-story casino, 1,000 hotel rooms, and more.

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