Coney Island Officials Concerned Good Paying Casino Jobs Will Evict Residents From Public Housing
Some officials inwards Coney Island are interested that a potency casino and the good-paying jobs the resort might convey would resultant in many locals existence forced out of their New House of York City public housing program because their incomes could get too luxuriously to keep receiving such authorities assistance.
Coney Island is existence targeted for a $3 1000000000000 structured casino resort past a pool led past New House of York tangible demesne colossus Thor Equities. The venture additionally includes battle of Saratoga Casino Holdings, the Chickasaw Nation, and Legends Hospitality.
Dubbed “The Coney,” the send off is one of the numerous bids for New York’s ternion commercial-grade gambling casino licenses allocated for the downstate region. The developers in arrears The Coney trust their bidding has the to the highest degree potency to significantly revitalize a segment of New House of York City that desperately needs an economical renaissance.
Coney Island has certainly seen best days. The summer beach townsfolk has i of the highest unemployment rates in Brooklyn, and most a quarter of the population lives at a lower place the poverty rate. In New House of York City, the impoverishment limen for a four-person household is near $28K a year.
Jobs Too Good
Backers of the Coney Island cassino say the send off would result in the creation of about 4,000 jobs. Henry Martyn Robert Cornegy, a former New York City councilmember who is serving the pro-casino campaign, says those jobs could revitalize the Brooklyn neighborhood and aid minority populations release around their financial situations.
Being capable to convey nice paying, year-round jobs is something that i experience the like i am compelled to pushing and demand,” Cornegy told the Brooklyn Paper. “For people of color, pitch-dark people inward particular, travail has created a pathway to the midriff year inwards a lot of different industries. The hotel swop is ace of the to a greater extent moneymaking opportunities.”
But those potential forthcoming jobs, some say, mightiness follow too lucrative. Lucy Mujica Diaz, chairman of the Community Board 13, I of 59 community boards crossways New York City that assist their borough councils inwards an advisory capacity, says a important portion of the Coney Island population is aided through the New York City Housing Authority (NYCHA). Diaz believes the casino jobs would likely compensate too practically for those residents to proceed receiving their rip vouchers.
Diaz explained that many residents will potential be worried near taking such a chore on concerns that their employment might not last, and and then their hire subsidies will follow gone.
I know for a fact many people that live inward NYCHA lodging will not occupy sure kinds of employment because it testament reason them to move o'er their income brackets and then their lease goes up,” Diaz told the Brooklyn Paper.
“It’s not because people don’t want to work. It’s because if you work, they read to a greater extent from you,” Diaz asserted.
Thor Portfolio
Though Thor Equities mightiness not experience the same make credit as MGM Resorts, Caesars Entertainment, Wynn Resorts, and Hard Rock International — quaternion expected bidders on the downstate licenses — Thor is a globally known real acres whale with more than $20 billion inwards assets below management.
Thor was founded in 1986 past Joseph Sitt, who was born on Coney Island. Sitt made his betimes lot by founding the American retail concatenation Ashley Stewart.
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