The Coney Island bid draws on the expertise and institutional knowledge of
respected developers and operators while also fulfilling a generations-long promise to Coney
Island by providing the region with a permanent, thriving local economic engine. If awarded a licence, Coney
Island’s economy will no longer be so singularly dependent on summertime amusement park visitors.
Long Island through investments in existing community and cultural projects and organisations and partnerships with local celebrities and sports teams. Te project would also honour the site’s legacy as a veteran memorial and pay tribute to Long Island’s community of military service members – past and present, and provide thousands of quality union jobs in both construction and operations.
FREEDOM PLAZA
Mohegan Gaming is the casino partner for the Freedom Plaza development which would bring a Ferris wheel to the New York skyline.
Te proposed Freedom Plaza would introduce the world’s first museum dedicated to the celebration of freedom and democracy. Freedom Plaza would also serve the community at large with the availability of a substantial green area, a state-of-the-art performance venue, iconic Ferris Wheel, a 1,000+ room first-class hotel, and two residential towers which will work towards satisfying
P38 WIRE / PULSE / INSIGHT / REPORTS
the city’s critical shortage of housing.
Te immediate surrounding area is largely undeveloped in terms of real estate, providing an opportunity for access without undue disruption. Connected to the Franklin D. Roosevelt East River Drive and numerous bus stops, Freedom Plaza is a short walk from the 34th Street ferry and Grand Central Station. Te development team will also explore providing additional dedicated ferry service.
Freedom Plaza will generate thousands of well-paying jobs throughout the construction process and, upon opening, inject the local economy with millions of dollars in new tax revenue. Area businesses will also benefit from the halo effect of the city’s newest destination.
THE CONEY
Little is known about the specifics of a bid lodged by Saratoga Casino Holdings and Te Chickasaw
Nation for a casino, hotel, and entertainment proposal at Coney Island.
What we know is that the bid has pledged an investment of more than $3bn completely made up of private – not taxpayer – funds, creating 2,500 construction jobs and thousands of permanent ones. Te bid’s strength lies in Saratoga Casino Holdings and Te Chickasaw Nation providing Coney Island with expertise in gaming, coupled with a deep understanding
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