Even though its summer season is over, Coney Island has certainly been in the news this week. First, the Brooklyn nabe’s 100-year-old Dreamland Bell, which was recently pulled from the depths of the ocean, went on display at Borough Hall. Now composer Andrew Lloyd Webber has announced that the long-awaited sequel to Broadway’s longest-running play, The Phantom of the Opera, will be set during the fun zone’s turn-of-the-century heyday.

According to the Associated Press, the new musical will be titled Love Never Dies and will hit the Great White Way in November 2010. Ten years after losing his love, Christine, the Phantom has migrated from Paris to NYC, and “rises from one of the attractions at a freak show to control the entire complex.”

The story doesn’t sound quite as sweeping and romantic as the intrigue that unfolds at the original’s Paris Opera House, but we’re still curious. We especially can’t wait to see how Webber one-ups the drama and suspense of Phantom’s falling chandelier.