Posted Jan 10, 2012, 7:20 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,869
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http://www.brooklynpaper.com/stories..._01_13_bk.html
Let’s roll! Marty wants casinos on Coney Island
By Dan MacLeod
Jan 10, 2012
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Wonder Wheel, meet the roulette wheel.
Borough President Markowitz wants to see casinos on Coney Island if Gov. Cuomo makes good on his plan to legalize table gaming in the state.
“Casino gambling ... would bring jobs and revenue to potential locations in New York City, especially Coney Island, which is a natural,” Markowitz said in a release.
In the latest lofty vision for a revitalized Coney Island, gambling would help draw visitors to an area that the city hopes to turn into a glitzy, year-round recreation destination boasting amusements, restaurants, arcades and hotels.
“It could be the savior for Coney Island as a major destination,” said the neighborhood’s unofficial mayor Dick Zigun, who runs Sideshows by the Seashore.
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http://amusingthezillion.com/2012/01...-coney-island/
Will Casino Gold Rush of 1970s Replay in Coney Island?
Casinos Mean Jobs Sign at Astroland, 1978. Photo © John Rea, Courtesy of the Coney Island History Project.
January 10, 2012 by Tricia
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A chapter in Charles Denson’s book Coney Island: Lost and Found vividly documents the “casino fever” that seized Coney after casino gambling was legalized in Atlantic City in 1976 and the New York State Legislature began studying the idea. A billboard saying “Welcome to Coney Island, The Perfect Resort for Casino Gambling” was put up by a local business group writes Denson, who worried that casino gambling would wipe out the amusement area and wouldn’t benefit the neighborhood. He notes that “for a brief period during 1979, the asking price for property on the Boardwalk rose from $3 to $100 per square foot.” Interviews with Horace Bullard, whose Shore Theater was said to have caught Frank Sinatra’s eye, as well as with Astroland owner Jerry Albert and realtor Charles Tesoro portray the “Casinos for Coney” mania that prevailed during a four-year period.
“It was crazy,” Tesoro told Denson. “Limousines would pull up with guys coming up to the office from Las Vegas, in silk suits, saying, ‘sell to us now, get us some property, we wanna get in!’ It was like a crazy house, like the gold rush…They’d sit at my desk and say, ‘Waddaya got? We want options on everything you got. Everything!’ They wanted options because if gambling didn’t go through, they’re out. But if gambling went through, they’d pay triple the asking price for the property.”
One of the reasons gambling didn’t go through was behind-the-scenes lobbying of politicians by the Trumps, who were already involved in Atlantic City, Tesoro and others say in Denson’s book...
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Detail of the CIDC's Coney Island Retail Opportunities Map. Fall 2011. Green = Property for Sale, Blue = Property for Lease
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