One highlight of Coney Island's new summer season is the city's restoration and relocation of the legendary B&B Carousel, now occupying a pavilion in the new Steeplechase Plaza adjacent to MCU Park.For more, go to City Downplays Ratner's Role In Carousel Recovery.
Lost in the hoopla, however, is how at least one private party, leading Brooklyn developer Forest City Ratner, helped in the carousel's revival.
Unveiling the new plaza last week, Mayor Mike Bloomberg's office stated in a May 24 press release, “The carousel operated on Surf Avenue for seventy years until it was nearly sold in pieces at an auction in 2005. The City of New York instead purchased the carousel to preserve this important piece of Coney Island’s history and restore it to its former glory.”
While the city did write a $1.8 million check for the carousel, taxpayers didn't pay for it all. Barclays Center developer Forest City Ratner contributed a good chunk, at a time when it was likely a wise business move to deliver for Bloomberg.
This watchdog blog, by journalist Norman Oder, offers analysis, commentary, and reportage about the $4.9B project to build the Barclays Center arena and 15-16 towers at a crucial site in Brooklyn. Dubbed Atlantic Yards by developer Forest City Ratner in 2003, it was rebranded Pacific Park Brooklyn in 2014 after the Chinese government-owned Greenland Group bought a 70% stake going forward. As of 2018, after the arena and four towers were built, Greenland will own 95% of future construction.