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Will Thor Sell Astroland to the City?
By
Jen Chung
Published Nov 17, 2008
Modified Nov 17, 2008
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By
Jen Chung
Published Nov 17, 2008
Modified Nov 17, 2008
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The Post reports that the "Bloomberg administration is in serious negotiations to buy 10.5 acres of real estate in Coney Island that once appeared unobtainable - a move that would save both Astroland Park and the mayor's plans to revive the slumping seaside amusement district." Apparently Thor Equities developer Joe Sitt is "ready to give up his controversial plan to build a $1.5 billion Vegas-style entertainment complex." The Post also points out reasons why Sitt might give up the dream of putting a Las Vegas-like resort in Brooklyn (the city acquired some land necessary for his plans, Bloomberg might be around for another four years), and City Councilman Domenic Recchia seems optimistic, "God willing, we will get this done soon." And if the city gets the land, will Astroland reopen?
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astroland
coney island
mayor bloomberg
thor equities
Jen Chung
Jen Chung is a former WNYC and Gothamist editor.
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