New Coney Island to open after land deal

November 12, 2009 11:34:25 AM PST
Mayor Michael Bloomberg and developer Joseph Sitt have announced the city's purchase of nearly seven acres of Coney Island. And the mayor promised at a City Hall news conference Thursday that the amusement park along the Brooklyn boardwalk will be up and running this summer with new attractions.

He said the city is now seeking an amusement developer for the acres acquired from Sitt's Thor Equities, as well as proposals for attractions.

The city purchased 6.9 acres at the heart of Coney Island from Sitt for $95.6 million, after years of tense negotiations.

Bloomberg wants to revive the historic amusement district, turning it into a year-round destination with high-rise hotels, restaurants, retail stores, movie theaters and the city's first new roller coaster since the Cyclone was built in 1927.