Results tagged “kineticcarnival”

The Post gets confirmation that the city is no longer looking for new sites for Astroland, the Coney Island amusement park. The Coney Island Development Corporation's president Lynn Kelly said, "We just couldn't find the right fit" in time.

Astroland's stay of execution may have hit a snag. While there were hopes that Thor Equities, the developer who has purchased the amusement park for $30 million as part of its ambitious Coney Island development plans, and Astroland operators could work out a deal, the Post reports that Thor is looking for an increase on the order of 17 times the current rent.

The Cole Bros. Circus is in town...at Coney Island for the first time since 1938! The troupe has set up camp through August 5th, an event that was announced not long ago by Thor Equities.

Controversial plans for high-rise luxury condos at Coney Island have now been scrapped, with developer Thor revising its plans to instead include a glass enclosed water park and hotel space. The city's planning department was very concerned with condominiums being included in the plan, but Thor had argued condos would be critical in keeping the project profitable. Now Thor CEO Joseph Sitt explained, "This is our way of being responsible and putting out an olive branch to the community and city administration."

As Thor Equities gets closer to sinking its teeth into developing/redeveloping there, Astroland will open up again for its last season this weekend. Astroland owners sold the property to Thor last fall and Carol Hill Albert said back in November, "It's not something we're happy about; it's sad. It was the only logical alternative to going out of business altogether." Now, Albert tells the NY Sun, "I think [Thor Equities founder] Joe Sitt has been taking all the city's attention and energy."

The Umbrella, My Friend, Was Blowing In The Wind, by The Girl Who.

The Daily News received renderings of what Coney Island may look like, if developer Thor Equities has its way. Thinkwell Design & Production designed a 6-acre plan for "Coney Island Park." Thinkwell creative director Chris Durmick said, "Whatever you come looking for at Coney Island, it's all going to be there." What happens in Coney Island, stays in Coney Island?

As the redevelopment of Coney Island keeps moving ahead, it's starting to become clear what will be around next summer and what won't. Thor Equities, the developer with 10 acres of Coney Island land, has been letting various tenants know whether their leases are up or if they get to stick around. The NY Post put a positive spin on things, noting that "11 boardwalk businesses would be allowed to remain open at least one more summer" and that the attractions - "including Ruby's Bar and Grill, Cha-Cha's and Shoot the Freak paintball - will be given the opportunity to move into the proposed complex."