Coney Island’s Invisible Towers


If there’s an upside to the city’s deliberate pace, it’s that if the market for Coney condos never recovers to pre-crash expectations, then taxpayers save the hundreds of millions of dollars it would take to build the infrastructure to support the influx of new inhabitants. (The $95 million the city spent to relieve Sitt of his stretch of the amusement district, though, is a sunk cost.) The downside is that then the last ten years of upheaval on Coney Island has failed to achieve its primary goal.

Source: The Brooklyn Bureau.