Thor: Astroland stay hinges on rezone

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]