[5] When Idora Park closed to the public in 1984, the carousel was bought at auction by Jane and David Walentas and moved to Brooklyn, New York, for restoration.

The wooden merry-go-round (or carousel), which was built by the Philadelphia Toboggan Company in 1922, features 48 carved horses attributed to John Zalar and Frank Carretta.

[10] The Walentases restored the merry-go-round over the ensuing 22 years, the culmination of which was revealed on October 13, 2006, when it was rechristened "Jane's Carousel.

"[11] Jane Walentas made it known that she wanted the carousel to be given a permanent place in Brooklyn Bridge Park, going so far as to pay a $500,000 fee for a pavilion to house it designed by Pritzker Prize-winning architect Jean Nouvel.

[13] In October 2012, the carousel suffered minor water damage due to Hurricane Sandy,[7] and the ride reopened a few months later.