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.
A Coney Island fantasy
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.
Along with a new amusement park, the city also envisions more than 4,000 new apartments and almost a half-million square feet of shopping.
Pretty drawing, but will it become a reality?