Buzzberg Cup Live

Coney Island Boardwalk Set for $1 Billion Upgrade

Watch on YouTube ↗  |  July 04, 2026 at 17:26  |  4:07  |  Bloomberg Markets
Speakers
Daniel Murphy — Executive Director, Alliance for Coney Island

Summary

Daniel Murphy, executive director of the Alliance for Coney Island, discusses the creation of a permanent business improvement district and a planned $1 billion boardwalk upgrade to support local businesses and the community. He highlights Coney Island's rising growth, its role as a public beach accessible to all, and the resilience of its seasonal businesses. The interview was held on July 4th amid crowds gathering for the holiday.

  • Coney Island receives a permanent business improvement district to empower local businesses through tax base.
  • New York City plans to invest $1 billion to rebuild the boardwalk for safety and accessibility.
  • Over 350 businesses and 50,000 residents call Coney Island home.
  • Murphy emphasizes Coney Island's identity as 'the people's playground' with equal beach access.
  • Seasonal businesses are excited about future growth despite typical weather-related concerns.
  • Fireworks every Friday night and July 4th draw large crowds to the area.
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