You'd need a fortune-teller to determine the future of Coney Island these days: What will Thor Equities ultimately build, and will the city swap land with the developer, as has been proposed, to preserve amusements on the boardwalk? But this much, at least, is clear: Fans of sword swallowers and facial tattoos can down a celebratory pint of Coney Island Lager in two weeks, when the nonprofit that runs the Mermaid Parade, the Coney Island Museum, and the Circus Sideshow closes a deal to buy the building it currently leases. Coney Island USA founder Dick Zigun says that with the city’s backing, it will purchase the 1917 structure, originally a restaurant, at a price of $3.6 million — beating out Thor for the deal. "We have never been so secure and permanent in the neighborhood," Zigun said, "and that's totally thanks to the political leadership of New York City." Within five years the building will be restored to its former glory and the Coney Island Circus Sideshow will expand, along with the Freak Bar and museum gift shop, to twice its size. Best of all, this means the Mermaid Parade will have a long-term home base. Unless, Zigun points out, everything is under water 30 years from now. —Daniel Maurer
Most Viewed Stories
Watch Nicki Minaj Call Out Miley Cyrus at the VMAs [Updated]
What Is the Trump Endgame?
The Highs and Lows of the 2015 MTV Video Music Awards
These Were the Truman Show VMAs
Quentin Tarantıno on White Supremacy, Obama, and Why He Doesn’t Worry About a Transformers Future
VMAs 2015: Your Complete List of Winners
There Are Mad Max Ubers in Seattle Right Now
If These Girls Knew That Slender Man Was a Fantasy, Why Did They Want to Kill Their Friend for Him?
The Best Frozen Moments From the 2015 VMAs
‘These People Are Messing With the Wrong Family’: Alison Parker’s Parents Vow to Fight for Gun Control
Latest News from Daily IntelligencerCheney Sure Likes the Idea of a Biden Presidential Campaign
"Well, go for it, Joe."Is America Ready for a Dog President?
Let's hope so!Obama to Run Off Into the Alaskan Wilderness With Bear Grylls
"President Obama will become the first U.S. president to receive a crash course in survival techniques from Bear Grylls."ISIS Reportedly Bombed Another Ancient Temple in Syria
The Temple of Bel is nearly 2,000 years old.New York Magazine Competition No. 55: Brooklynize a Novel
The latest installment of our game.Courtroom Sketch Artist Somewhat Terrified of Having to Draw Tom Brady Again
The New England Patriots quarterback will be in New York City court again on Monday.U.S. May Celebrate Chinese State Visit With Sanctions
Over economic espionage by Chinese hackers.Sarah Palin Slams Press for Asking Donald Trump ‘Gotcha’ Bible Questions
The notoriously private candidate doesn’t talk about his favorite book with strangers.‘These People Are Messing With the Wrong Family’: Alison Parker’s Parents Vow to Fight for Gun Control
They called out Virginia lawmakers supported by the NRA.People Are Camping Out to Hear Jimmy Carter Teach Sunday School
People slept in their cars to see the former president.
Talking to the King of Clay about this week's much-anticipated tournament.What Is the Trump Endgame?
How the Donald will play a huge role in deciding the next president. Yuuuge.Obama to Rename Mount McKinley ‘Denali’
Not only was the 25th American president assassinated, but he will also no longer have his own mountain.Scott Walker Suggests Northern Border Wall
He calls the possible need for a barrier between the U.S. and Canada a “legitimate issue.”Reporter Goes Undercover As a Topless Performer in Times Square
She had fun, made a few hundred bucks, and now thinks detractors like Mayor de Blasio are clueless.Famed Neurologist and Author Oliver Sacks Has Died
He was 82.Is Burning Man on the Cusp of Becoming a Permanent Utopian Community?
Yes, it is, say the organization's leaders.Houston Deputy Sheriff ‘Assassinated’ While Pumping Gas
A suspect has now been charged, and though a motive is not yet clear, one police official is linking the murder to the Black Lives Matter movement.Suffocated Migrants Were Victims of International Smuggling Syndicate
Four low-level operatives have been arrested following the discovery of 71 asphyxiated migrants in a European truck.Egyptian Court Finds Al Jazeera Journalists Guilty
They have been sentenced to three years in prison, after what was widely considered to be a sham trial.