#CommunityTrustFund

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Developers of proposed Coney Island casino pledge $200M community trust

Developers behind “The Coney,” a proposed $3 billion casino on Coney Island, have pledged a $200 million community trust fund in a bid to gain support for the project. The announcement comes as the casino proposal faces scrutiny ahead of public hearings. The fund, if approved, will be managed by a

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Developers behind proposed Coney Island casino promise $200M community trust fund ahead of public hearing

“The Coney,” the casino seeking approval in the People’s Playground, will create a $200 million community trust fund to support the area if it’s approved, the development team announced on Thursday.A board of local stakeholders, who would determine how the money would be used, would oversee the trus

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