What are you thinking? Do you really think The Phantom would be a better comic if it was set in New York City?? I mean, that's what you are actually saying you want to do, right? Mr. Barrucci said the following in an interview:
“One of the things we felt with the Phantom is, you can only have so many adventures in the jungle,” Barrucci explains. “It’s about time we put him back in civilization, and we pit him against the animals of New York City. “
Let's take a look at that statement, shall we? First: "you can only have so many adventures in the jungle,” - Yeah, so far 70+ years worth. And the first 63 years of that was written mostly by just one guy. And HE thought of something new to do in the jungle every day. If you think there are only "so many adventures in the jungle,” you need to hire a writer with some imagination. Which brings me to the second part:
“It’s about time we put him back in civilization, and we pit him against the animals of New York City. “ Well, since apparently you couldn't be bothered to read any Phantom Comics, The Phantom has been to New York. MANY times. Also London.
And, if those facts weren't enough, your idea of the jungle hero in the big city is unoriginal on multiple levels. Tarzan went to New York in 1942's "Tarzan's New York Adventure" which was remade, maybe twice. I've also already seen "Crocodile Dundee" and read the debut of The Black Panther.
But even more than that, the idea that the comics industry needs one more urban vigilante is pretty ludicrous. In case you hadn't noticed, that market is pretty well saturated.
I believe you also mentioned "tweaking" The Phantom's costume? Seriously?? Look, you don't tug on Superman's cape, you don't spit into the wind, you don't pull the mask off that ol' Lone Ranger (well, maybe YOU do, your Lone Ranger comics are pretty awful) and you don't make over a character who has been an international success for over SEVEN DECADES !
So, in short, I find the "plans" you have for The Phantom to be laughable. Don't expect it to sell, gentlemen, because I know quite a few people who will not be buying.