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New York

Thor launches Coney Island’s “Summer of Hope”

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Thor Equities is bringing rides to some of the Coney Island land it cleared in expectation that the city would quickly rezone it for development, in what calls its “Summer of Hope.” The property, cleared in the winter of 2006-2007, was once home to two go-kart tracks, a batting cage, a bumper boat ride and miniature golf. Developer Joe Sitt is still negotiating about his plans with the city, which recently reduced the size of a proposed amusement district from 15 acres to nine acres. That would let Sitt develop more of his property.