Authorizes the city of New York to discontinue the use as parkland and alienate certain land within Flushing Meadows Corona Park

This bill authorizes New York City to stop using a specific 77-acre section of Flushing Meadows Corona Park as public land in order to lease it to a private developer. The agreement would allow the construction of various amenities, including open spaces, improved pedestrian paths, climate resilience features, a parking garage, and a hotel, while explicitly prohibiting the development of a casino. In exchange for this land, the city must dedicate an equal or greater amount of money to create new public parks and recreational facilities within Queens. The deal is conditional on the developer building at least 50 acres of free public open space and ensuring the project meets federal requirements regarding the replacement of parkland.