Thor Equities, a mall developer and management company, has been buying up property all over Coney Island for a new development that will include a shopping center and a water park.
Read more from New York Daily News.
Actually the Bowery district and pretty much everywhere else there has never been the greatest of neighborhoods. To hear tell, crime was a big reason Coney went downhill so much in the 70's and 80's. I don't want to see Coney's personality change, and putting a mall there would forever tarnish the charm it's always had. It's pretty obvious that something is happening, given that businesses are being pushed out. The one guy got a one year renewal on a ten year lease and his rent raised 50%. Sounds like somebody wants to tear some buildings down.*** This post was edited by D the Great 4/21/2005 11:52:09 PM ***
Just because the Bowery district and everywhere else have never been the "greatest" of neighborhoods, doesn't mean they need to stay that way.
Yeah I consider crime infested areas "charming".
If it looks like a dump, walks like a dump and talks like a dump, guess what? It is a dump. If someone actually wants to invest some money into an area that otherwise would be considered blighted, I say let em develope it!
Time, and progress march on constantly.
I just hope they don't follow all of the mistakes being made on Phillys waterfront along the Delaware. They have turned what could have been a Baltimore Harbor into dance clubs with riots, fights and shootings every weekend when it was supposed to be a massive entertainment complex with movies, rides, skating, shopping, dining, etc.
I'll wait and see the plans before getting to upset. The developer does sound as though he is somewhat interested in preserving Coney's past.
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