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Brooklyn Borough President Marty Markowitz disclosed that the New York City Economic Development Corp. is about to begin a $5 million restoration of the 262-foot tower, once part of Steeplechase Park. The Parachute Jump featured a 250-foot drop in a seat for two. Modeled after Army training equipment and built for the 1939 World's Fair, the tower was closed in 1968 amid safety concerns.
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