There is an intersting article in Cincinnati Magazine regarding The Beast. It's in the June 2014 issue. I suggest reading it if you get a chance.
That being said, just into the second paragraph I came across this sentence. ..."Around the same time, Taft acquired Coney Island, and moved much of the park's staff, plus some rides- including The Racer, another wooden coaster that many credit with reviving the craft- up to the new park."
WHY, and HOW, did they make this mistake. It's a common mistake, but this just prolongs this common misconception.