Coney Island Inches Further Into Its Future
Micheal Bloomberg and city agencies in conjunction with the Coney Island Development Corporation have thwarted recent proposals from Thor Equities and hopes to swap or "acquire the developer's [Thor Equities'] property in a friendly manner", said CIDC president, Lynn Kelly at Coney Island Development Corporation's meeting held last night at Our Lady of Solace. The city believes Thor Equities does not have the necessary "world-class experience in developing a one of a kind amusement park", said Deputy Mayor Daniel Doctoroff. The city is expected to pay large amounts to Thor Equities for their property if Thor does not agree to swapping city owned park land in exchange for their parcels inside the amusement district.
The other two areas that have been divided are Coney North and Coney West, both consisting mainly of high density residential and mix-use commercial components.
Today's conceptual drawings are a good guide to go by in what may be built for Coney Island. But by no means are they accurate designs. Anything out of scale may hinder it to exist. The area in the East that divides the indoor and the outdoor amusement, for example, looks too big to fit in that actual footprint.
All in all, the reason this day is pivotal to the future of Coney Island is the city's commitment to finally have Coney Island begin to wake up from the comatose it has been sitting dormant in for so many years.
More story and images on the new plans here tomorrow.