New York City Sought Operator for Coney Island Rides

The city has launched a bidding process for a 20-year contract to manage the historic Cyclone and Parachute Jump.

Updated on Oct. 8, 2026 in Theme Parks

Bold vector editorial illustration featuring the silhouette of a wooden roller coaster track against a clear coastal sky, evoking Coney Island. — New York City officials have launched a 20-year bidding process to manage and revitalize the iconic Cyclone roller coaster and Parachute Jump in Coney Island. AI Illustration. Upload story photo >

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New York City officials have begun accepting bids for an operator to take over the Coney Island Cyclone and the defunct Parachute Jump. The winning contractor will secure a 20-year agreement to manage the rides and improve park infrastructure.

Why it matters

The city is seeking to revitalize the area as sales for the historic Cyclone have declined for four consecutive summers. A new operator is expected to provide a capital plan that addresses ongoing maintenance needs and potentially introduces new attractions.

The city has capped specific concession prices at $4 for hot dogs, $2 for seltzers, and $1 for apples. The new operator must also conduct a mandatory structural survey of the long-defunct Parachute Jump.

The players

New York City Parks Department

This local agency is responsible for the management and maintenance of parkland and public recreation facilities throughout New York City.

Central Amusement International

This company has served as the operator of the amusement attractions at Coney Island since 2011.

The details

The city mandate requires the next operator to restore ticket booths for ADA compliance and convert all lighting to energy-efficient LEDs. Bidders must also submit a comprehensive capital plan for future repairs as the area prepares for a $1 billion makeover of the Riegelmann Boardwalk.

The Cyclone has operated at Coney Island since 1927.
The Parachute Jump has been defunct since 1964.
The ride recorded a $330,000 loss between 2022 and 2025.
A cracked chain caused the ride to shut down temporarily in 2024.
The Cyclone is scheduled to reach its centennial anniversary in 2027.

Roadmap

This transition marks a pivotal shift for Coney Island as the city coordinates amusement management with the $1 billion Riegelmann Boardwalk makeover. The investment mirrors broader efforts to modernize historic urban landmarks while maintaining the legacy of century-old attractions.

Visitors can expect potential changes to food and drink pricing, as the city has set strict maximum costs for basic concessions like hot dogs and apples. Guests should also prepare for ongoing construction in the area as the city commits $1 million toward general beautification efforts.

The takeaway

The upcoming centennial of the Cyclone provides a firm deadline for the city to stabilize the operations of its most iconic amusement rides. Prospective operators must now balance historical preservation with modern ADA requirements and structural safety standards.