Brooklyn, NY – The city yesterday unveiled an ambitious redevelopment plan for Coney Island that would transform the slumping beachfront into a year-round amusement park combining glitzy new hotels, restaurants and entertainment with the neighborhood’s landmark rides and kitschy boardwalk attractions.
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The proposal, announced by Mayor Michael Bloomberg, is designed to entice private developers to pump $2.5 billion into revitalizing a 19-block area along the boardwalk that includes the existing amusement park, the landmarked Cyclone roller coaster and Wonder Wheel, and stretches west past KeySpan ballpark and the former Parachute Jump ride. [newsday]
Anon. 10:35 …And some people who own property, (B.T.), will have their prayers answered.
maybe now all people will flock to seagate
It will never happen…. while city building is going full steam ahead Brooklyn is dead in the water. Developers have looked at the feasibility of developing this area many times and have all walked away. If the city puts up the financing it can work but where will the city get the money… ooops our pockets i guess or knowing Blumberg, increasing parking and sanitation fines once again
just watch all the phony Rabbis
coming out of their hiding places to vote against this new park.