+23 C°
Traffic jam:   7

The fate of Coney Island

8 March 2021
1 min.
The fate of Coney Island

Hoping for the best

As City Councilman Mark Treyger pointed out, for the residents and businesses of Brooklyn's Coney Island neighborhood, which he represents, last year was very challenging. He said: "The epidemic and its aftermath led to the local unemployment rate reaching almost 30%". "In the same period, the proportion of empty premises previously occupied by small companies doubled", he added.

The lawmaker added that for Coney Island, the main role is played by its part where the amusement parks are located, the decision to reopen them from April 9 by the authorities could play a crucial role for the development of the entire economy. "Normally tourists were welcomed here for six months, but last year was the first year in history when such activities did not take place at all".

Luna Park alone, as the president and general manager of Central Amusement International Inc. recalled, employed about 1,200 people. "But last year they were laid off due to forced closure and a loss of more than 95% of profits", he stressed. "So I feel a great sense of relief that we will be able to start operations again".

Hope for a return to normalcy was also expressed by Alexandra Silversmith, executive director of the Alliance for Coney Island, who compared the scale of the problems plaguing the business with the aftermath of Hurricane Sandy. "However, we have weathered the storm and I think we can cope with the current one," she summarised.

Persons2 and Companies2 in the news

Executive Director of the Alliance for Coney Island
1 place
Member of the New York City Council
2 place


Rating companies
52 Mention
51 Mention
49 Mention
46 Mention
Dow Jones
40 Mention
38 Mention
White House
31 Mention


News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director