Crains New York - July 9, 2012 - (Page 1)
CRAIN’S
NEW YORK BUSINESS
®
VOL. XXVIII, NO. 28
SUITS WITH SHORT COMMUTES
Retailers sell menswear as fast as they can make it
PAGE 3
WWW.CRAINSNEWYORK.COM
JULY 9-15, 2012 PRICE: $3.00
IN THE BOROUGHS BROOKLYN
Atipping point for Coney Island
BY SHANE DIXON KAVANAUGH
Remember Times Square? The ‘People’s Playground’ is on the same trajectory
So long, Sodom by the Sea. Fueled by a surge of city cash and visions of a year-round attraction, Coney Island is on the verge of a death-defying revival that has some uttering two words: Times Square. The gritty seaside strip has bounced back from the brink of desolation, and its boosters believe the best is yet to come.The honky-tonk boardwalk has shed most of its mangier haunts while preserving a few cherished venues, like Ruby’s Bar & Grill. Revamped roller coasters and new rides have lured record crowds to once-empty lots. Even seedy Surf Avenue has undergone a transformation—swapping rows of discount furniture stores for a biker bar and a Grimaldi’s Pizzeria—that is again making Coney Island a destination. “The momentum is real,” said Dick Zigun, the selfstyled mayor of Coney Island and ringleader behind the neighborhood’s annual Mermaid Parade, which drew 750,000 people last month. “Coney’s hit a critical mass.” The tattoo-covered Mr. Zigun, who runs the arts
See CONEY ISLAND on Page 22
RIDING HIGH: Visitor counts at Coney Island’s amusement parks are the highest in nearly 50 years.
buck ennis
HEALTH CARE REFORM IN THE MARKETS
One likely ‘Obamacare’ side effect: Employees will lawyer up to ding employers over new regs P. 3
Who’da thunk it? AIG, the bailed-out insurer, was NY’s best-performing financial stock in the first half P. 4
NEWSPAPER
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Table of Contents for the Digital Edition of Crains New York - July 9, 2012
Crains New York - July 9, 2012
Contents
In the Markets
The Insider
Small Business
Business People
Executive Moves
Real Estate Deals
Opinion
Greg David
For the Record
Classifieds
From Around the City
New York, New York
Source Lunch
Out and About
Snaps
Crains New York - July 9, 2012
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