Developer sells 7 acres of Coney Island to NYC
Quick ReadCity officials said the price for the 6.9 acres is $95.6 million — going to Joe Sitt’s Thor Equities firm.
Photo credit: Getty Images | A performer marches in the 2009 Mermaid Parade at Coney Island. (June 20, 2009)
Photos: Coney Island
Coney Island attractions
NEW YORK -- The doors to Mayor Michael Bloomberg’s dreams for Coney Island finally flew open Wednesday with the city’s purchase of almost seven acres of the Brooklyn waterfront after years of tough talks with a developer.
City officials said the price for the 6.9 acres is $95.6 million — going to Joe Sitt’s Thor Equities firm.
The deal comes after an often secretive, start-and-stop tussle...
