FAQs & FACTS

The Coney will be located at the corner of Surf and Stillwell Avenues, directly across the street from the Coney Island – Stillwell Avenue Subway station.

• A 500-room hotel

• 92,000 square feet of convention center/meeting spaces

• 20 distinctive restaurants totaling more than 50,000 square feet

• 2,400-seat concert venue

• More than an acre of new publicly accessible open space

• Improved pedestrian experience with a new 100-foot-wide pedestrian thoroughfare along Stillwell Avenue to the Boardwalk and Beach

• A world-class gaming experience

• Creation of a $200 million Community Trust Fund, led by locals and dedicated to support public improvements, economic mobilization and community engagement efforts

• Creation of 4,000 union construction jobs

• Creation of more than 4,500 permanent good paying careers with a local hiring preference

• Creation of a $15 million annual fund dedicated directly to community public safety efforts, enhancing local police, fire, and EMS services

• A total economic impact of $1.6 billion annually

The Coney has committed a $75 million fund to go directly to local NYPD, FDNY, and EMS services – just one-third of this fund can pay the salaries for 38 new police officers. The funding will go directly to these departments with no strings attached, and these public safety agencies – who know best how to tackle the public safety challenges facing Coney Island – will have total control of how to spend the funds.

The Community Trust is for just that: the community of Coney Island. Funded entirely by The Coney, the Trust will be governed by a local Board of Directors made up of local elected officials, NYCHA tenant leaders, and other community leaders. They will have full control over where the Trust money goes, so long as it is for investments in the community – from safety measures to education funding to infrastructure upgrades and economic development programs. The community decides where the money goes, and the benefits stay right here in Coney Island.

We’re committed to ensuring at least 25% of our jobs go to Coney Island residents. To ensure local residents are prioritized, The Coney’s opening job portal will be open to local residents only for its first 90 days. Through our partnerships with local educational institutions and community organizations, we’ll create ongoing pipelines to jobs at The Coney specifically for local residents. Over time, we expect this number to increase thanks to The Coney’s job training and workforce development programs that will prepare local residents for jobs – and long-term careers – at The Coney.

Our team has already been engaging with local businesses to ensure that additional visitors and activities benefit their business. We have experience and results to show that cross-promotional agreements—like discounts with a rewards card—can directly increase the sales and success of local business. With a special focus on Mermaid Avenue, we will continue to meet and explore partnerships that can be a win-win for all. In addition, the demand for back of house services/supplies and increased year-round foot traffic will boost business across the neighborhood.

For this project to succeed, Coney Island can’t be bogged down by traffic. We know it, and we’re going to tackle it head-on. Here’s how:

• Upgrades — Roadway upgrades, express subway service, ferry advocacy

• Information — Signage, easy-access schedules, and MTA advertising

• Incentives — Reduced fares for employees, incentives for patrons, discounted carpool rates and shuttles.

The Coney will fiercely advocate for long-overdue ferry service to Coney Island – and with the 21,000 new daily visitors visiting Coney Island, The Coney will create the transit demand needed to finally get this done – especially in non-summer months. Coney Islanders deserve ferry service, and we’ll partner with government agencies and local organizations to make the Coney Island ferry a reality.

Nope – The Coney development would not touch or affect the aquarium. But we will provide discounted ticket bundles and advertising within The Coney for Coney Island’s many great attractions like the aquarium.

This project is being led by a consortium of experienced operators and developers.

• Thor Equities, A global leader in real estate development, leasing, and management, offering deep expertise across industrial, life sciences, office, hospitality, mixed-use, residential, and retail sectors.

• The Chickasaw Nation, the 13th largest Native American tribe in the U.S. and the operators of 23 casinos and other ventures across Oklahoma, including the world’s largest casino

• Saratoga Casino Hotel, a family-owned company in Saratoga Springs, NY that has already driven over $1 billion towards education funding in New York State

• Legends Hospitality Group, a food, beverage, merchandise, retail, and stadiums operations company that serves venues including Yankee Stadium, the newly announced Central Park Boathouse, and One World Observatory.