Brooklyn, NY - City's $200-250 Million Real Estate Commitment Will Save Astroland

Brooklyn, NY - The Bloomberg administration is in serious negotiations to buy 10.5 acres of real estate in Coney Island that once appeared unobtainable - a move that would save both Astroland Park and the mayor's plans to revive the slumping seaside amusement district. Developer Joe Sitt is ready to give up his controversial plan to build a $1.5 billion Vegas-style entertainment complex, which...