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Mayor Adams announces massive $1 billion investment in redevelopment to deliver a better Coney Island

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NEWYORK: New York City Mayor Eric Adams, New York City Department of Parks and Recreation (NYC Parks) Commissioner Iris Rodriguez-Rosa, and New York City Economic Development Corporation (NYCEDC) President and CEO Andrew Kimball announced that New York City has committed more than $1 billion to a major reconstruction of the Coney Island shoreline, fulfilling Mayor Adams’s vision laid out earlier this year in his 025 state of the city address.

This vision includes reconstruction of the historic Riegelmann Boardwalk; 1,500 new homwa, including 25 percent of units allocated for affordable housing; and new investments in streets, sewers, and public realm improvements, including a $42 million renovation of the Abe Stark Sports Center.

“Coney Island is home to thousands of hard-working New Yorkers who work hard every day to leave behind something better for their families. Life here shouldn’t be a rollercoaster, which is why our administration is committing $1 billion to rejuvenate America’s playground and build a better Coney Island,” said Mayor Adams.

“With this investment, we are going to deliver 1,500 new mixed income homes to the waterfront — 25 percent of which will be affordable — and restore the over 100-year-old Riegelmann Boardwalk to its former glory. We’re building new streets and sewers, improving the public realm, and renovating the Abe Stark Sports Center so this beloved rink and recreation hub can continue bringing joy to New Yorkers and visitors alike. To be the best city on the globe to live and raise a family, you need affordable homes and public spaces, and that’s why today’s announcement is a transformative next step in building the neighborhoods of tomorrow — today.”

“Coney Island is a New York icon that gives millions of New Yorkers and visitors a welcoming, vibrant space to enjoy the waves, fresh air, and world-famous attractions. With this major investment in the boardwalk’s resiliency, we’re preparing the boardwalk to safely welcome visitors for another 100 years,” said NYC Parks Commissioner Rodriguez-Rosa.

“As climate change continues to cause more extreme weather events and rising sea levels, we’re investing in our public spaces across the city to ensure resiliency while enhancing what New Yorkers love about them. By reconstructing the entire historic boardwalk and renovating the beloved Abe Stark Sports Center, we’re also making Coney Island a safer and more welcoming place for families and New Yorkers of all ages. I’m grateful to our partners across the Adams administration and in the community for their commitment to this project, and I’m proud to be part of an administration that appreciates how critical our public greenspaces are as living infrastructure.”

“Today’s $1 billion commitment to rebuild the historic Riegelmann Boardwalk is exactly the kind of investment Coney Island deserves — making the boardwalk safer, more accessible, and more resilient for generations to come,” said New York City Economic Development Corporation (NYCEDC) President and CEO Andrew Kimball.

“This builds on NYCEDC’s broader work across Coney Island: advancing new housing, modernizing streets and sewers, and delivering public‑realm upgrades, including the renovation of the Abe Stark Sports Center. We’re proud to partner with our NYC Parks and city colleagues to strengthen this beloved neighborhood, support local small businesses, and keep Coney Island a place where New Yorkers come together year‑round.”

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