The Real Deal New York

Estimates reported earlier this week
said
the city might pay between $200 and $250 million for developer Joe
Sitt’s land in
Coney Island, but sources familiar with the negotiations told the
Brooklyn Paper that the city would likely pay less. If a deal is
reached soon, Astroland amusement park — which Sitt closed down in
September — might reopen next year. The city hopes
to make Coney Island a year-round tourist attraction.