From New York Post · · 1m 10s
Coney Island Cyclone Needs New Operator
Coney Island Cyclone seeks new owner for 100th birthday with strict financial rules.
In brief
Coney Island Cyclone seeks new owner for 100th birthday with strict financial rules. The New York City Parks Department is seeking a new operator for the Coney Island Cyclone roller coaster as it turns 100, requiring $2.2 million in annual revenue and repairs for aging infrastructure. Originally reported by New York…
Coney Island Cyclone Turns 100
The Coney Island Cyclone roller coaster is turning 100 this summer after opening in 1927.
City Seeks New Operator
The city Parks Department started accepting bids this week for the next business to run the Cyclone and nearby rides for two decades.
Financial Challenges
The Cyclone lost $330,000 between 2022 and 2025, with sales decreasing annually over the past four summers.
Revenue Requirements
The winning bidder must generate $2.2 million annually from the Cyclone, with $265,000 going to the Parks Department.
Infrastructure Needs
The 99-year-old Cyclone needs continuous maintenance, repairs for bracing, brakes, safety equipment, and ADA-compliant ticket booths.
Parachute Jump Status
The Parachute Jump, defunct since 1964, will be restored with structural surveys but no advertising or obscene messaging allowed.
The essence
The New York City Parks Department is seeking a new operator for the Coney Island Cyclone roller coaster as it turns 100, requiring $2.2 million in annual revenue and repairs for aging infrastructure.
