Astroland to close Sunday

TRD New York /
Sep.September 04, 2008 04:43 PM

The owner of the Astroland Amusement Park at Coney Island said today it will close permanently on Sunday, citing its inability to sign a new lease with developer Joe Sitt of Thor Equities.

Thor wants to redevelop the waterfront neighborhood, which the city is eying for a major rezoning.

The president of the Coney Island Development Corporation, Lynn Kelly, said in a statement that the announced shuttering should spur all involved to act.

“Today’s announcement that Astroland will close after 46 years should be a serious wake-up call to those who have stood back and watched as the fate of Coney Island has been left in limbo without any safeguards for its future,” she said.

“This further underscores the need for the City’s comprehensive rezoning plan as the only hope for preserving the amusement area and bringing the necessary jobs, infrastructure and affordable housing to the neighborhood.”

The Post had previously reported that Astroland would close on Sunday. TRD
 


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Breather CEO Bryan Murphy (Credit: LinkedIn and iStock)

Breather bloodbath: Flex-office startup fires at least 10% of staff

The Tel Aviv Stock Exchange (Credit: Getty Images)

All Year’s Israeli bonds tumble on $41M loss

Brooklyn Point at 138 Willoughby Street and Extell Development’s Gary Barnett (Credit: Alistair Gardiner for The Real Deal)

And you get an incentive! Extell offers to pay carrying costs at Brooklyn’s tallest tower

225 Park Avenue South, Buzzfeed CEO Jonah Peretti and Facebook CEO Mark Zuckerberg (Credit: Getty Images)

The Midtown South home of Facebook, Buzzfeed asks up to $800M

According to a lobbyist, the REBNY is not planning to attend Governor Andrew Cuomo’s birthday party (Credit: Getty Images, iStock)

Big Real Estate facing new limits on NY state campaign contributions

arrow_forward_ios