KINETIC CARNIVAL - The Coney Island Blog

A space of musings, past and current as well as the future of amusements in the legendary Coney Island and Beyond!

Wednesday, August 23, 2006

Luna Housing Contemplates Privatization

The probable privatization of the Luna Park Housing development from a Mitchell-lama-run housing complex had residents and board members debating and voting on a ‘feasibility study’ to privatize or not. The idea to privatize derived from the much needed repair funds.
Raising the value of the complex would pay for the crumbling of the five building’s facades. However, no funds would mean more falling bricks. You never know - the nightmare of all those falling bricks could make way for dreams of rezoning to C7. Well, okay it’s okay to dream but we wouldn’t want all those falling bricks.

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posted by Omar Robau @ 8/23/2006 07:31:00 AM 


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