Brooklyn Daily excerpt -
“We see this as an economic jumpstart to development,” said iStar attorney Howard Weiss.
Weiss noted that iStar — which will lease the amphitheater from the
city and operate it at a profit until 2025 — owns 70 percent of the
developable land nearby. The zoning laws the city passed in 2009 allow for those mostly vacant properties to become condos and residential towers.
Markowitz’s proposal will also convert the now-empty lots on either
side of W. 22nd Street into a public greenspace with lush lawns, winding
paths, gardens, playground equipment, privately run concessions, and
The Zoning and Land Use committee of Coney Island’s Community Board
13 has asked the city to study the amphitheater’s potential impact on
parking, and to investigate the possibility of a shuttle bus to the new
facility. The neighborhood panel also asked for iStar to hire Coney
residents to help build and run the concert space and restaurant.