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The estimated cost of building a minor-league ballpark along the storied but faded Coney Island boardwalk has grown to $30 million- $10 million more than estimated a year ago, a city official said yesterday.
The city is also expected to spend another $30 million for stadium parking and sprucing up the boardwalk area with new comfort stations, lifeguard stands, children's play areas and to rehabilitate the Parachute Jump, a historic landmark dating back to the area's heyday decades ago, Michael Carey, president of the city Economic Development Corp., said yesterday.
Carey provided the cost figures at a hearing before the City Council subcommittee on planning, dispositions and concessions, touting the 6,500-seat stadium and related community improvements as an economic "shot in the arm" for Coney Island.
He said the stadium would generate $20 million in consumer spending yearly, yielding $1.7 million in additional state and city sales-tax revenue.
But some subcommittee members balked at the...