which began in January, is a vote by the City Council, which is to occur within 50 days after the CPC vote.

Commission chair Amanda Burden said on Wednesday that the plan to create a 27-acre amusement and entertainment district incorporates recommendations that arose during meetings with the local community board and borough president Marty Markowitz. Revisions to the plan "strengthen the ground-floor requirements for traditional amusement uses--such as arcades, games of chance and rides--to maintain Coney Island's one-of-a-kind amusement character in the Coney East amusement and entertainment district," Burden said Wednesday.

Burden added, "We've also reduced the height limits for building streetwalls along Surf Avenue in Coney East to ensure direct visibility to the amusement park and boardwalk upon arrival in Coney Island." She said other modifications will encourage "extraordinary design" as well as the integration of Coney Island's historic icons in the future development.

In a statement, Mayor Michael Bloomberg says the plan approved Wednesday "ends decades of speculation and disinvestment and expands the active amusement district into a 27-acre 21st century attraction. We cannot allow Coney Island's decline to continue, and the opportunity to create 6,000 permanent jobs and 25,000 construction jobs in addition to 4,500 new housing units--900 of them affordable to low- and middle-income families--cannot be passed up."

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.