Coney Island's New Rides Won't Lift Home Sales

Brooklyn's Coney Island is getting something of a well-needed makeover. A new, $30-million amusement park featuring the latest in rides and attractions from Italy's renowned Zamperla Group, is scheduled to open Memorial Day weekend.

It's the latest in a series of upgrades including a new boardwalk, a restyled subway station (left) and a Mets farm team with by far the spiffiest stadium in its league. The sort of development that's still lacking around the New York City landmark, however, is new housing and retail space. This is why area realtors say home prices are unlikely to climb like a seat on the Parachute Jump anytime soon.