"The Coney is expected to create 4,000 union construction jobs and more than 4,500 permanent careers, with a strong focus on hiring locally and supporting minority- and women-owned businesses."
"The developers estimate the complex will generate over $1.27 billion in annual economic impact, with $1.13 billion benefiting Brooklyn directly."
"Supporters say The Coney will transform the neighborhood by creating jobs, boosting local businesses, and funding much-needed upgrades to public spaces."
"This approval moves the project closer to reality, promising thousands of jobs, new public spaces, and a significant economic boost for Brooklyn."
The New York City Council approved The Coney’s land use application with a 36 to 11 vote. The plan involves modifying Bowery Street and acquiring air rights, enabling the construction of high-rise towers and pedestrian bridges. The project aims to create 4,000 construction jobs and 4,500 permanent jobs, significantly boosting the local economy. The Coney will include a 500-room hotel, multiple restaurants, an entertainment venue, and public spaces. It promises over $1.27 billion in economic impact and substantial tax revenues for Brooklyn.
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