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The city today begins construction of a long-anticipated piece of the Coney Island makeover — Steeplechase Plaza, which officials are banking on to make the boardwalk west of Stillwell Avenue rival in popularity to Luna Park and the rest of the amusement area to the east. The $29.5 million, 2.2-acre plaza will feature a new pavilion for the historic 1919 B&B Carousel, which was rescued from auction by the Bloomberg administration in 2005, that will help showcase the landmark Parachute Jump.
Read more from The New York Post.