Coney Island (NY) Awaits Wheel of Fortune's Turn

An autumnal spirit of gloom settled over Coney Island this past Labor Day weekend as New York's once-celebrated seafront resort reached the end of a summer season that saw further closures of its dwindling stock of fairground attractions.

Local operators and conservationists say the one-time "people's playground" that gave the world the hot dog and the rollercoaster is under threat from a combination of planning blight and a "flawed" plan by the city to rezone the district to include multi-storey hotels and luxury condominiums.

It is a pattern that has repeated itself elsewhere in New York where a property market recession and declining tax income has prompted developers and the city to scale back or delay urban renewal projects....

A very interesting article, best accessed from this "business English" page:

http://www.ftd.de/karriere-management/busi...n/50020390.html