I Heard They (insert overgeneralization here) Coney Island

By Brian Hedden, Friday, November 13, 2009, 7:15 am
Coney Island

Did you hear that they sold Coney Island yesterday?

Here’s the (very) short of what is happening: Thor Equities, land development and speculation arm of Joe Sitt, is selling two-thirds of its land holdings on Coney Island to the City of New York. Sitt had previously wanted to build “Vegas-style” amusements on Coney Island, whatever the frak that means, but succeeded only in running afoul of the Administration of Mayor Oligarch.

Watching this drama unfold over the past few years has made me feel a little like I did when watching Super Bowl XXX between the Cowboys and the Steelers. It was a match between my two favorite NFL teams: the team playing the Steelers, and the team playing the Cowboys.

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