The New York City Economic Development Corporation has reached a deal to buy the roughly one acre of parcel of land occupied by Deno’s Wonder Wheel kiddie park in Coney Island. Gowanus Lounge has the press release from the NYCEDC with details about the purchase, which is part of the city's controversial plan to rezone 12 acres of amusements as parkland and turn the management over to a "world class operator." Last May the Vourderis family, which owns the Wonder Wheel ride and other amusements, worried the city would force them to turn over control of the landmark Ferris wheel. UPDATE: The Village Voice stresses that the deal is for the kiddie park adjacent to the Wonder Wheel property, which the Vourderis family still owns. Now they will lease the property for the kiddie park through 2020. “We are delighted with the news that the city … will be our landlord,” said Dennis Vourderis in a statement.





That hardly seems fiscally responsible.
I've still got my Big Wheel from when I was a kid. I can let the city have it for say, 5 mil.
This is a good thing. Now if only the city would use eminent domain on Sitt's property and stop this land flipper who hasn't built a thing in NY (just look at the disastrous Albee Square mall that he flipped).
thor equities and stitt should rot in hell. bloomberg should be right behind them.
another thought out take over.
hope theres no natural disaster,
how ya gonna get em out and in what hospitals
will they go? gooooo bloomie.
to hell.