New York City Buys Historic Coney Island Tract From Developer

The historic Wonder Wheel stands at the Coney Island amusement park November 12, 2009 in the Brooklyn borough of New York City. After years of blight, city officials have agreed to purchase seven acres of real estate in Coney Island for around $96 million in order to expand and modernize the amusement area. The area has been deteriorating for decades following an earlier heralded era with seaside luxury hotels where the roller coaster and hot dog were invented.
The historic Wonder Wheel stands at the Coney Island amusement park November 12, 2009 in the Brooklyn borough of New York City. After years of blight, city officials have agreed to purchase seven acres of real estate in Coney Island for around $96 million in order to expand and modernize the amusement area. The area has been deteriorating for decades following an earlier heralded era with seaside luxury hotels where the roller coaster and hot dog were invented.
( - Photo by Mario Tama/Getty Images North America)
A section of boardwalk is closed for repairs at the Coney Island amusement park November 12, 2009 in the Brooklyn borough of New York City. After years of blight, city officials have agreed to purchase seven acres of real estate in Coney Island for around $96 million in order to expand and modernize the amusement area. The area has been deteriorating for decades following an earlier heralded era with seaside luxury hotels where the roller coaster and hot dog were invented. The historic Wonder Wheel stands at the Coney Island amusement park November 12, 2009 in the Brooklyn borough of New York City. After years of blight, city officials have agreed to purchase seven acres of real estate in Coney Island for around $96 million in order to expand and modernize the amusement area. The area has been deteriorating for decades following an earlier heralded era with seaside luxury hotels where the roller coaster and hot dog were invented. The historic Cyclone roller coaster stands at the Coney Island amusement park November 12, 2009 in the Brooklyn borough of New York City. After years of blight, city officials have agreed to purchase seven acres of real estate in Coney Island for around $96 million in order to expand and modernize the amusement area. The area has been deteriorating for decades following an earlier heralded era with seaside luxury hotels where the roller coaster and hot dog were invented. A section of boardwalk is closed for repairs at the Coney Island amusement park November 12, 2009 in the Brooklyn borough of New York City. After years of blight, city officials have agreed to purchase seven acres of real estate in Coney Island for around $96 million in order to expand and modernize the amusement area. The area has been deteriorating for decades following an earlier heralded era with seaside luxury hotels where the roller coaster and hot dog were invented.
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