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Mayor Michael Bloomberg announced Tuesday that there will be at least 19 new rides.

The mayor also officially announced that the Italian company Zamperla USA will provide the rides at the year round, outdoor amusement park, which will be called Luna Park.

"It is a dream come true for all of my constituents," said City Councilman Domenic Recchia. "There are over 50,000 people that live in Coney Island year round, but also to the thousands of people throughout New York City, who now come to Coney Island and say, 'finally, it's moved forward.'"

Representatives from Zamperla, the largest manufacturer of amusement rides in the world, and Central Amusement International, which will manage the park, say the rides will not disappoint.

"I can tell you that we will have rides that will flip you, turn you, launch you, drop you, splash you, make the mayor want to lose his lunch," said David Galst of Central Amusement International.

"It will have a lot of the feel of classic Coney Island but be on a scale that I don’t think that we’ve seen in a couple of generations here," said Seth Pinsky of the New York City Economic Development Corporation.

Officials say the new park will create 247 new jobs this summer and will be the first step in making Coney Island a year-round destination.

"This is just one part of the redevelopment of Coney Island -- this is the amusement area," said City Councilman Domenic Recchia. "We are going to keep on adding to this, and the other parcels of land that have yet to be developed."

Zamperla's plan is said to include development of land between the former Astroland site and The Cyclones Stadium.

The city acquired the 6.9 acres of land for almost $96 million from developer Joe Sitt at the end of last year.

Central Amusement will invest nearly $30 million to build and operate the park. And, under terms of the 10-year lease announced Tuesday, the company will pay the city $1 million plus a percentage of gross receipts.

In addition to Luna Park, a second amusement park will also be constructed, featuring rides like a human slingshot and go-cart rides. That area will be known as the Scream Zone at Coney Island and should open next year.