Static Amusement; Coney Island

In September 2005, New York City announced the strategic plan for Coney Island neighborhood improvements such as new parking and a community center, committing $83.2 million in funds to keep the projects rolling.

Recently, Thor Equities has purchased 14 acres of boardwalk land in the hope of building a $1.5 billion entertainment destination. Thor's plans include a mix of amusements, attractions, and housing. Some opponents claim that Thor Equities is less interested in amusement development, and is instead just waiting for the city to make a zoning change that will allow residential development in hopes of being able to 'flip' the properties for a substantial profit