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Old Posted Oct 14, 2022, 4:19 AM
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https://elitesportsny.com/2022/10/12...nd-casino-bid/

Thor Equities Planning Coney Island Casino Bid





By Robert Linnehan
10/12/2022


Quote:
Just a week after a board was formed to determine the location and siting of up to three downstate New York casinos, one real estate development firm is already making its intentions known.

A source confirmed to ESNY that Thor Equities, a real estate development, leasing and management firm, will be submitting a “robust” bid to the New York casino siting board when it releases a request for applications for casino licenses in early 2023.

The source confirmed that Thor Equities would list portions of its Coney Island amusement district properties as the potential location for its casino.

The real estate development firm owns several properties in Coney Island’s amusement district, which has also been zoned for hotels, entertainment purposes, amusements, and retail.
Quote:
The Real Deal, a New York real estate development publication, reported in 2018 that Thor Equities was attempting to sell 21 properties in Coney Island, located outside the Coney Island subway station between Surf Avenue and the Coney Island boardwalk.

The publication noted that Thor Equities Chairman Joseph Sitt had once envisioned using these properties as Las Vegas-style entertainment district. It’s unknown if this is the potential location Thor Equities is eyeing for its Coney Island casino, but it seems to fit the description.
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