Coney Island investigation … and more 

June 10, 2008 12:49PM

  • 1. City officials say they will investigate the “mayor of Coney Island,” Dick Zigun, following a report that he lives rent-free in a building that the city paid $3.6 million for [Post]
  • 2. The Federal Housing Administration expects to lose $4.6 billion as default rates on home loans rise faster than expected [NYT]
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  • 3. A 65-foot-tall, seven-ton sculpture made of about one million stainless steel replica Erector set pieces is unveiled at Rockefeller Center today [AP via NYDN]
  • 4. A former Bronx concrete plant is being transformed into a park [Post]
  • 5. A federal investigator said a device that holds a cable was installed improperly at a building where two window washers fell 47 floors after scaffolding gave way [NYT]

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