A $2 million renovation was completed in 2013, after which it contained 8,000 LED lights, in comparison with the 450 total after the first installation. The B&amp;B Carousell, an early-20th-century carousel that had become part of Luna Park, was relocated to Steeplechase Plaza east of the Parachute Jump in 2013. The tower was lit up for its first New Year's Eve Ball drop at the end of 2014, and since then, the Parachute Jump has been lit for New Year's Eve each year. The Parachute Jump has also been lit up in recognition of special causes, such as World Autism Awareness Day and Ovarian Cancer Awareness Month, as well as to commemorate notable personalities, such as happened after the 2020 death of retired NBA basketball player Kobe Bryant.