The NY Times reports on the City’s revisions to its Coney Island plan. Private owners, including Thor Equities, would be allowed to develop their own property, as long as they follow the City’s master plan, which, “calls for a series of buildings that could include a glass-enclosed water park, games and amusements, a bowling alley, restaurants and entertainment-oriented businesses like House of Blues, Dave & Busters, NikeTown and movie theaters,” as well as high-rise hotels on Surf Avenue.

Meanwhile, in other parts of Brooklyn: AM NY reports that Williamsburg is about to lose more of its industrial heritage, this time in the form of an historic power plant; the Brooklyn Paper covers another waterfront neighborhood, Red Hook, as it braces for the June 18 opening of Ikea; and the Brooklyn Paper also explores three Brooklyn Council Members’ efforts to impose a moratorium on construction/demolition at the Atlantic Yards Site, “until developer Bruce Ratner commits — in writing — to building the full state-approved project.”

Also, in news sure to reach all parts of the City, the Times reports that the downturn in the economy is not only tough on the mom ‘n pop shops (such as music stores), but on national retail chains as well.

Finally, we must put in a plug for the Municipal Art Society and Metropolitan Waterfront Alliance’s documentary, City of Water, which, “explores the aspirations of public officials, environmentalists, academics, community activists, recreational boaters and everyday New Yorkers for a diverse, vibrant waterfront at a time when the shoreline is changing faster than at any other time in New York’s history.” It makes its television premiere tomorrow (Saturday) at 1:30pm on PBS (Thirteen). Watch the trailer here.