CONEY ISLAND - The city's Landmarks Preservation Commission has voted in favor of a plan to decorate the Coney Island parachute jump ride with new LED lights.

The $2 million project has been in the works since 2008. The plan recently came under fire after Sandy hit the area.

Residents in the area say the money would be better spent helping victims of the storm. Others say the lights will signify a resurgence.

Brooklyn Borough President Marty Markowitz says his office set aside the money for the LED lights back in 2008. Markowitz says if they don't use the money for the lights, they will lose it. Community Board 13 members say they hope to have the lights up and running by this coming summer.