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The structure, dubbed “The Coney”, would feature a new hotel just steps from the iconic boardwalk. The company struck a deal with the Trump Organization to take 17 acres of the 300-acre property that adorns the Trump name. The city owns the property, and Trump’s company had a 20-year contract with the Parks Department to operate it as a golf course. Cohen has held meetings, including two visioning sessions, with the public to solicit feedback as to what to incorporate in his plans. According to Soloviev, the overall project is being dubbed “Freedom Plaza,” and it would also include the construction of a museum dedicated to democracy.

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The applicants must also meet all environmental and zoning requirements before the Gaming Facility Location Board reviews their plans. It is anticipated a final decision on the three licenses will come at the end of 2025. The developers, however, must first win the support of the local community where their plan is proposed.

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