Complex sentence: The financial condition of the Pier has suffered with the recession and the Authority is again working with consultants on a plan for improvements, as well as looking for an outside company to build and operate a larger replacement for the current Ferris Wheel.
Split into simpler sentences: The financial condition of the Pier has suffered with the recession. The Authority is again working with consultants on a plan for improvements, as well as looking for an outside company to build and operate a larger replacement for the current Ferris Wheel.