"Coney Island is an incredible community and this $200 million trust will help make it even better for generations to come," said representative and former city council member Robert Cornegy.
"The Coney is going to bring much-needed year-round jobs and economic development to Coney Island and if we are granted this gaming license this $200 million trust will supplement that by ensuring all of Coney Island benefits."
The Coney seeks community support and a gaming license, and has been working to gain community support since 2022.
The Coney team say the project would revitalize the neighborhood, bringing thousands of jobs and year-round economic activity.
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