Coney Island redevelopment dreams set to become true.Word on the street is that rising property values and government development incentives will soon make 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. into one of the most desirable neighborhoods in the city. At a November 30 Massey Knakal symposium, company broker Michael E. Harari noted that as a waterfront site Coney Island has been attracting more and more investors, with 38 new property sales being recorded in the neighborhood this year alone. In addition, the $83.2 million pledged for revitalization purposes by Mayor Bloomberg and a comprehensive plan by the Coney Island Development Corporation have put the wheels in motion for a full-scale renaissance, complete with an influx of retail and residential development, a possible hotel and new jobs for neighborhood residents. "All of a sudden, everyone wants to be a part of Coney Island," Harari noted. "You have to tie it to the general market boom we are in right now. Yet Coney Island has surpassed even the hottest markets in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . Mermaid Avenue is now lined with hundreds of new homes. There's been a reduction in crime-from 1992, there has been a 39.97% drop and that also takes away the stigma of Coney Island housing complexes. Coney Island is a world-renowned destination that now represented fun, family, excitement." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Brooklyn Chamber of Commerce president Kenneth Adams, streetscape street·scape n. 1. An artistic representation of a street. 2. Surroundings composed of streets: the urban streetscape. and parking improvements should be at the forefront of government-funded projects, along with public space for entertainment events. Adams warned that it might take longer than six months to get all the necessary approvals for a major redevelopment project, but promised that Coney Island will be reborn re·born adj. Emotionally or spiritually revived or regenerated. reborn Adjective active again after a period of inactivity Adj. 1. . "Changing of the zoning will enable private sector investment, but 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. has to do a bunch of studies [to make it come about]. They will do that some time in January and than the process will go on into 2006," he said. Among the projects now planned for Coney Island is the creation of a multicultural community center, for which developers are currently being interviewed, a $20 million new shark exhibit space and a seaside restaurant for the New York Aquarium The New York Aquarium first opened on December 10, 1896, at Castle Garden in Battery Park, making it the oldest continually operating aquarium in the United States. Its first director was the respected fish expert, Dr. Tarleton Hoffman Bean (1895-1898). , more affordable housing on City-owned sites and the restoration of such neighborhood hallmarks as the Shore Theater, Riegelmann Boardwalk and Bishoff & Brienstein Carousel (for which the City paid $1.8 million earlier this year.) |
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