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Latest Business News

AP Interviews Coney Island's Developer

Sunday, June 10, 2007 1:58:55 PM
By LARRY McSHANE

NEW YORK (AP) - The view from the Coney Island boardwalk depends on the perspective: The long shadows of the Cyclone roller coaster evoke the past. The lounging sun worshippers dotting the beach belong to the present.

And the makeshift plywood fences, the empty lots and ancient arcades — well, Joe Sitt surveys them and sees the future: a $2 billion facelift for the shabby seaside resort, a return to the halcyon days when this stretch along the Atlantic Ocean was indisputably the nation's playground.

"Yeah, OK, it's a little bit grimy, etcetera," says Sitt, his voice rising with an enthusiasm belying his surroundings. "But it's got so much potential, calling out for someone to do something. I want to bring it back."


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