A panel of city and Coney Island business leaders say that they are committed to keeping the famed neighborhood “open and affordable” according to a list of seven guidelines outlined by the panelists.

The seven guidelines were recently announced by Robert C. Lieber, Deputy Mayor for Economic Development Corporation, Seth W. Pinsky, President of the New York City Economic Development Corporation and Jim Seay, President of Premier Rides, Inc. for the development of a new 21st century year-round, amusement and entertainment district at Coney Island.

The other six guidelines include leveraging the Coney Island brand and celebrating its history, getting its amusement district right, keeping it accessible and city owned, and insisting that “the time is now” to start building permanent amusements and introducing innovative programming.

“Coney Island is a brand that means so much to so many, and from what I’ve seen and heard here this week, the private sector believes that the city has put together a plan that will build on history and enhance one of America’s treasures,” said Amusement Panel Chair and Premier Rides, Inc. President Jim Seay.

The seven guiding principles followed three days of workshops and discussions focused on branding, marketing, planning, programming and development at Coney Island, and will be used by the city to shape and inform development plans. A final report of the panel’s findings will be released this summer.

The development of the area would create more than 25,000 construction jobs and 6,000 permanent jobs in Coney Island, said Pinsky.