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Yesterday, the city announced that the funding for the Coney Island Strategic Plan is now $83 million, in order to make America's Playground the glittering weekend destination is used to be. The city added $50 million to the funds, plus $7 million from Brooklyn Borough President Marty Markowitz and $3.2 million from Congressman Jerrold Nadler, in hopes of adding new attractions and improving the infrastructure; here are some of the major points:

- The transformation of Stillwell Avenue into Stillwell Midway, a spectacular public open space connecting existing amusements with new development.
- A redesigned Steeplechase Plaza incorporating new open space around the iconic Parachute Jump between KeySpan Park and the boardwalk. It will feature the winning design of the Parachute Pavilion Design Competition by the London team of Kevin Carmody, Andrew Groarke, Chris Hardie and Lewis Kinneir.
- An increase of year-round activity on Surf Avenue including the possible addition of a hotel and spa.
- The establishment of a multicultural community center that will contribute to making western Coney Island a vibrant residential neighborhood and provide essential job training and community services.
- The development of affordable housing on City-owned property in the residential area.

So there will be a lot of rezoning, but the city seems, so far, to be committed to making sure there are affordable options for residents as well as creating jobs.

You can learn more about the project at the Coney Island Development Corporation's website. And Gothamist on Coney Island's new act (1, 2, 3).