Thursday, March 22, 2007

Curbed: Coney Island Condos vs. Amusements Smackdown Update:

Some interesting info on the first day of Spring about the ongoing condos vs. amusements fight in Coney Island. Developer Thor Equities, which has floated a $2 billion redevelopment plan, continues to say there's no way it can build an amusement park without condos. Its plan is based on drawing 1.4 million visitors a year (compared to Astroland, which gets 350,000). The plan includes four towers on Stillwell Avenue, one of which would be 50 stories tall. Apparently, Thor's purchase of Astroland was a surprise to the Coney Island Development Corporation, which wasn't planning on it buying an operating Coney amusement. This all comes via a long story in the (subscription only) Brooklyn Daily Eagle, which has been posted on the Coney Island Message Board.

2:43 PM

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