Coney Island redevelopment plan marries best of past with bright new future

Posted Friday, November 9, 2007 9:52 AM | Contributed by Lord Gonchar

In the first comprehensive look at the beachfront Brooklyn neighborhood since 1964, city planning officials proposed a 15-acre amusement park run by a single operator and 5,000 apartments and condos, with 20% earmarked for affordable housing. The new project also threatens to block developer Thor Equities from completing its controversial $1.5 billion plan, which included amusements and hotels on land now eyed for the city's park. City officials said the 21 acres proposed for parkland - of which Thor owns a sizeable chunk - would be opened up to proposals from amusement concessionaires.

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