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City Shops for Rides After Coney Island Deal

NEW YORK CITY-The city is issuing an RFP for operators and developers of a 12.5-acre amusement park, one day after announcing an agreement with Thor Equities.

By Cody Lyon | Updated on November 12, 2009

NEW YORK CITY-November winds, clouds and rain outside didn’t temper talk of summer amusements in City Hall’s Blue Room as Mayor Michael Bloomberg, key agency officials, local politicians and one private developer came together Thursday to announce ambitious plans for Brooklyn’s storied Coney Island. The city will buy 6.9 acres of Coney Island land from Joe Sitt’s Thor Equities for around $95.6 million. Starting Friday, the city will begin the search for developers and operators, rides included, for a “first-phase amusement park” on a portion of the city-owned sites.

The city is buying three waterfront parcels, creating what it says will be a 12.5-acre outdoor amusement park within a newer 27-acre amusement and entertainment district. More specifically, the plan, approved by the City Council last July, would preserve and grow the historic amusement area, while creating a mixed-use neighborhood that includes 5,000 new units of housing, of which the city says 900 will be income-targeted units.

A spokesman for the New York City Economic Development Corp. tells Globest.com that the new rides would be in place by next May. Also attending the press conference: Rep. Jerrold Nadler; City Council member Domenic M. Recchia, who represents Coney Island; Assemblyman Alec Brook Krasny; Carlo Scissura, who represented Brooklyn borough president Marty Markowitz; New York City Planning Commission chair Amanda Burden; State Sen. Diane J. Savino, NYCEDC president Seth Pinsky; deputy mayor Robert Lieber; and Thor Equities CEO Sitt.

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