City Buys 7 Acres for New Coney Park

Thursday, November 12, 2009

The city is now set to buy nearly seven acres of land at Coney Island from a Manhattan development firm, for more than $95-million.

Negotiations over the property have long been stalled. Now, the city's expected to begin work to transform the waterfront into a year-round destination. Dick Zigun, who runs the Coney Island Museum and its annual Mermaid Parade, says he's optimistic about the city's plans.

"Hopefully, the city will also be good on its word and put up the money to build Steeple Chase Plaza around the Parachute Jump, bring back the B & B Carousel underneath the Parachute Jump," says Zigun.

Zigun believes rebuilding the amusement park will revitalize Coney Island.

The deal gives the city control of almost all 12 acres to be used for the new outdoor park. The mayor's office plans to make a formal announcement about the deal today.

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