Thor: Astroland stay hinges on rezone

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Although news broke yesterday that developer Thor Equities would extend the lease on the Coney Island site Astroland operates out of, Thor is now saying that a lease extension is contingent upon the city giving the developer the rezoning it wants. Thor, which plans to build a $1.5 billion development that includes a new amusement park and hotels, purchased the site where Astroland is located last year and did not plan to extend the amusement park’s lease past this summer. more [AMNY]