C
ommunity Board 13 dealt a setback to Joseph Sitt's Coney Island casino plan, voting against changes to land use rules for Thor Equities' "The Coney." The vote opposes closing part of Bowery Street and acquiring air rights for the project. However, this decision is only advisory, as the state will consider community support when awarding gaming licenses.
Despite the setback, Sitt's team remains optimistic, citing their fully developable lots and potential to start construction quickly. They also proposed adjustments to the casino design if necessary, including shrinking buildings and eliminating sky bridges.
The ULURP process is ongoing, with the Brooklyn borough president, City Planning Commission, and City Council still deliberating. The $3 billion complex would feature a hotel, concert venue, retail space, and event facilities on Thor-owned land from Stillwell Avenue to West 12th Street.
Sitt's bid faces competition from other developers, including Wynn's proposal for Hudson Yards, which was rejected by Manhattan Community Board 4 this month. Applications for casino bids are due in June, with a decision on downstate gaming licenses expected by the end of the year.
