Posted Oct 13, 2011, 10:01 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,747
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http://therealdeal.com/newyork/artic...e-s-playground
Coney Island: The 'People's Playground?'
A look at how the redeveloped amusement park is changing the nabe
From left: Thor Equities CEO Joseph Sitt; Brian Hanson, director of sales, Massey Knakal; Juan Rivero, spokesman, Save Coney Island;
Timothy King, managing partner, CPEX Real Estate; Albert Wilk, owner/broker, Wilk Real Estate; Sofia Song, vice president, research, StreetEasy
October 01, 2011
By Melissa Dehncke-McGill
Quote:
...Commercial
Nate Bliss
vice president, NYC Economic Development Corporation, Development Department; president of the Coney Island Development Corporation
We know that the Scream Zone and Luna Park are complete, but can you bring us up to speed on what remains for the redevelopment of the Coney Island amusement park?
In 2010, Central Amusement International was selected to lease approximately 6.5 acres from the city to be developed into new amusements [after the rezoning in 2009]. Last year, Luna Park was the first new amusement park in Coney Island to open in 50 years. Now in the second year of redevelopment, the park has expanded with the opening of Scream Zone. The two amusement parks represent a $30 million private investment, with an additional $6.6 million by the city. An additional third phase of the amusement park will open next year, followed by a fourth phase in 2013.
What are the projections for number of visitors for this season and how does that compare to previous seasons?
Luna Park attracted over 450,000 visitors in 2010, its first year of operation, and this year, despite the rainy weather, Luna Park and Scream Zone are on pace to surpass last year's attendance numbers.
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