US News

TIME SHARES OUT AT CONEY

The Bloomberg administration’s revised rezoning plan for Coney Island’s seaside area keeps condos and time-share hotels out of the amusement district, city officials confirmed yesterday.

The new plan also prevents high-rises from being built along the boardwalk of a planned amusement park and allows the district’s biggest property owner, developer Joe Sitt, to erect up to 900 hotel units along Surf Avenue behind the park.

The hotels would have to be standard or theme park-related – not time-shares, as Sitt wants.

Sitt, who is considering the city’s offer, would have to sell the city 230,000 square feet of his property for the planned park but would be allowed to build retail, enclosed amusements and hotels on the other 220,000 square feet he owns.