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Coney Island's new windfall.


Mayor Michael R. Bloomberg unveiled the strategic plan for Coney Island Coney Island (kō`nē), beach resort, amusement center, and neighborhood of S Brooklyn borough of New York City, SE N.Y., on the Atlantic Ocean.  on September 14, which will transform the area into a year-round entertainment destination with seaside attractions and a stronger residential community.

The Mayor also announced an additional $50 million to implement the plan after previously pledging $23 million. Combined with the Brooklyn borough president's $7 million and congressman Jerrold Nadler's $3.2 million, a total of $83.2 million is now dedicated to making improvements to the area.

The Coney Island Strategic Plan calls for enhanced entertainment attractions that take advantage of the area's unique appeal, a new community center for job training and recreational uses and the increase of affordable housing on vacant City-owned land.

"Coney Island holds a special place in New York City s history, and the redevelopment plan will celebrate its unique character while ensuring a spectacular future through infrastructure improvements, enhanced public spaces and appropriate development of vacant property," said Mayor Bloomberg. We will capitalize on Cap´i`tal`ize on`   

v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>.
 key assets such as the beautiful waterfront and KeySpan Park Features include a concourse with free-standing concession buildings and overhanging fluorescent lamps in different colors, evoking an amusement park atmosphere. In addition, the park overlooks the Atlantic Ocean as well as the famous Parachute Jump. , while attracting diverse new businesses that will transform Coney Island into a year-round visitor destination. Our collective commitment of $83.2 million will jumpstart the infrastructure improvements required to attract the kind of private development partners necessary to make these goals a reality. This has been an extraordinary planning effort over the past two years, and I want to thank everyone who has worked so hard to bring us to this important milestone."

The $83.2 million public investment will be used to make necessary infrastructure and public environment improvements. These will include the creation of new streets and open space, better parking and transportation solutions and site preparation work, along with targeted projects that reflect the character of Coney Island, such as improvements to the aquarium, parachute pavilion and the construction of the community center. It is anticipated that these public improvements will lead to more than $1 billion in private investment over the next 10 years and create about 2,000 permanent jobs and 10,000 construction jobs in the area over the next 20 years. As part of the next phase of the plan, the Department of City Planning city planning, process of planning for the improvement of urban centers in order to provide healthy and safe living conditions, efficient transport and communication, adequate public facilities, and aesthetic surroundings.  will work with CIDC CIDC Central Institute for Animal Disease Control (The Netherlands)
CIDC Cornell Institute for Digital Collections
CIDC Criminal Investigation Command (US Army) 
 to refine the zoning strategy by setting design guidelines and determining the appropriate square footage for entertainment, retail and hotel space, as well as the number of residential units and square footage of new parks New Parks is an area in the city of Leicester, England. It is in the west of the city, close by the county border (west of which is Glenfield. South of New Parks is the Western Parks area, and to the east is the Newfound Pool area.  and open space.

Mayor Bloomberg, working closely with the City Council and borough president Borough President (informally BP, or Beep in slang) is an elective office in each of the five boroughs of New York City.

The offices of borough president were created in 1898 with the formation of the City of Greater New York.
 Markowitz, established the Coney Island Development Corporation in September of 2003 to develop and implement a comprehensive planning "Comprehensive Plan" is a term used by land use planners to describe a set of goals and policies developed by a municipality to accommodate future growth. Typically the comprehensive plan will look at estimated growth within a specific time period, for example, 20 years.  process and economic strategy for Coney Island. The 13-member board held dozens of meetings with community constituents to ensure that all facets of the Coney Island community were represented in the planning process.

The vision for Coney Island in the plan includes:

The transformation of Stillwell Avenue into Stillwell Midway, a public open space connecting existing amusements with new developments.

A redesigned Steeplechase steeplechase

Either of two distinct sporting events: (1) a horse race over a closed course with obstacles, including hedges and walls; or (2) a footrace of 3,000 m over hurdles and a water jump.
 Plaza, incorporating new open space around the iconic Parachute Jump parachute jump nsaut m en parachute

parachute jump parachute nFallschirmabsprung m

parachute jump n
.

New entertainment uses and retail amenities east of KeySpan Park.

An increase of year-round activity on Surf Avenue.

The establishment of a multicultural community center.

The development of affordable housing on City-owned property.
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Title Annotation:development plan
Publication:Real Estate Weekly
Geographic Code:1U2NY
Date:Sep 21, 2005
Words:541
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