The display is still being planned with no word on who will design the artwork, which will be displayed on the front of an office building at 45 Hoyt Street.
The location holds special significance because the Hoyt-Schemerhorn station is where director Martin Scorsese directed Jackson in the iconic 1987 music video "Bad."
"We see this as a great opportunity to potentially establish Hoyt-Schermerhorn’s role in American pop culture and as a tourist destination to attract people to a part of Downtown Brooklyn already rapidly growing," Joe Chan, president of the partnership told The Post.
Since the project will be shown on property belonging to real estate company Beneson Capital, the Metropolitan Transportation Authority's permission is not required.
This is not the first time a Hoyt-Schermerhorn Jackson tribute was proposed -- Last fall, the MTA rejected City Councilwoman Letitia James’ suggestion to rename the station after the "Thriller" singer and hang up a plaque of him.