UPDATE: City To Remove 14 Blocks Of Bike Lanes On Bedford Ave.
Leftover Metrocard Change Infuriates Some
Hamster Rides The 4 Train
Bouncer Beatdown at Jay-Z's 40/40 Club
2nd Avenue Subway Cooling System Will "Blight" UES
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?
Will Thor Sell Astroland to the City?
add to stumble upon
add to reddit
tweet this
post to facebookComments (8) [rss]
Post a comment (Comment Policy)
Tips
Newsmap
Contribute
Latest Tip:
John Sexton could be the highest paid college prez.
http://nyulocal.com/on-campus/2009/12/02/is-joh
[more]
Coney Island saved by the financial crisis!
Ahh, the silver lining to the City's economic dismay: it's not cost-effective to try to turn Coney Island into some quasi-Gold Coast. As long as there's a recession (and there is one, kiddies,) the City can actually save Astroland. Then, of course, once City-owned, if someone gets injured on a ride they can REALLY litigate.
Coney Island, the Gold Coast? I don't think so.
i thought the city and Thor were in bed together on this redevelopment plan, no????
Haven't the Astroland rides already been sold? Now all the city has to do is start running the Parachute Jump again.
Gotta agree with the first two posts.
They can always eminent domain it away. That would be a good use of eminent domain.
r1b2 the city ALREADY owns the Cyclone and the land beneath it and is part of the lawsuit from the family who claimed the ride caused a mans death...
Obviously Sitt has no financial investors in his plan so he's doing what he does best, flipping the land to the city at a hefty profit. This is the only scenario that can bring Coney back.