There Goes the (Coney Island) Neighborhood

Thor Equities is in contract to purchase some of the land occupied by Deno’s Wonder Wheel Park for $11 million, according to the Brooklyn Eagle. If the deal goes through, Thor Equities would own nearly all of the property in Coney Island’s amusement district. Thor CEO Joseph Sitt has been discussing plans for high-rise hotels, time shares, a new amusement park to replace Astroland and an indoor water park.

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Photo by Judley, Creative Commons license.