NY1 reports that the City Planning Commission approved its proposed Coney Island rezoning this morning in an almost unanimous vote (one new Commissioner abstained). The plan calls for development of hotels and housing (4,500 market-rate units and 900 affordable units), “entertainment retail,” and more City control of the amusement area, as part of the boardwalk would become mapped parkland.
Issues remain with the City’s development plans, however. Developer Thor Equities still owns much of the land within the proposed rezoning area, and the City needs State approval to alienate parkland before it can arrange the land-swap deal it hopes to use to purchase Thor’s land.
The rezoning will go before City Council for final approval within 50 days.