NY Post
CONEY IS. CONDO PULLBACK
By RICH CALDER
March 28, 2007
A developer proposing a $2 billion, Vegas-style entertainment complex for Coney Island is desperately trying to convince City Hall to back it by shifting more than 900 planned luxury condo units away from the boardwalk and into one 40-story tower.
Project spokesman Lee Silberstein revealed at a recent community meeting that Thor Equities is considering confining the project's controversial residential housing to Stillwell Avenue's west side near Surf Avenue.
That's a change from the previous proposal, which called for spreading the housing out in four Stillwell locations within the proposed 425,000-square-foot amusement complex.
The new plan would dramatically reduce a 515-foot-high tower slated for the Stillwell boardwalk to a height similar to the nearby 262-foot Parachute Jump; that tower would contain time-share residences.
The revisions would allow riders of the nearby Cyclone roller coaster to retain Parachute Jump views.
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“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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