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Brooklyn, NY - Coney Island Amusement Park Icon Closing for Good

Published on: September 4, 2008 03:06 PM
By: NY Post
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Brooklyn, NY - The longtime operator of the fabled Coney Island amusement park Astroland, confirmed today that the 46-year-old Coney Island icon will close its doors for good Sunday because a new lease deal couldn’t timely be reached.

Carol Albert threatened to shut down the park if she didn’t get a two-year lease extension by 1 p.m. today from Astroland’s landlord, controversial developer Joe Sitt.

The deadline passed with both sides not even talking and Sitt waiting to see if Albert was bluffing.

Sitt spokesman Stefan Friedman said the developer won’t negotiate “through the media or with a gun held to his head.” Rather, he’ll wait and see whether Albert really pulls out after the deadline.

The landmarked Cyclone rollercoaster at Astroland is not affected and will remain where it is.

Sitt plans to replace Astroland with new amusements next season. But critics point out that the developer failed miserably this summer when he arranged to have temporary rides and attractions come to vacant boardwalk land he owns off Stillwell Avenue as they were a huge flop.

Astroland’s potential closing comes while many other boardwalk business owners who rent from Sitt are also sweating it out over whether they’ll be back next summer.

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It was unclear just how far apart both sides are in dollars, but Albert’s lawyer told Sitt’s lawyer in a letter dated Friday that the park has seen expenses increase since last year, particularly a $700,000 surge in insurance costs. Astroland was seeking a multiple year lease, in part, to give its workers some stability.

The Albert family sold the 3.1-acre Astroland property to Sitt’s firm Thor Equities in 2006 for $30 million, but negotiated last year’s deal to squeeze in at least one final go-round for Astroland and its employees, many of whom are neighborhood residents with years of service.



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Read Comments (6)  —  Post Yours »

1

 Sep 04, 2008 at 03:14 PM Anonymous Says:

ok - at least theyre gonna come up with something new already.... hope it'll be something worhtwhile that the kids will not only enjoy but LOVE!!

2

 Sep 04, 2008 at 03:21 PM Anonymous Says:

Didn't we hear the same nonsense from her last year? It's all posturing and a bargaining ploy. Who is Sitt renting the space to for two years until he gets his permits, etc,?

3

 Sep 04, 2008 at 03:28 PM Choizik Says:

Oh no! Where are we going to go on Chol Hamoed?!

4

 Sep 05, 2008 at 12:00 AM Abba Says:

To Choizik

How about Six Flags

5

 Sep 05, 2008 at 08:50 AM avi Says:

sad. years ago, I remember my father z'l taking us all to Astroland. It was beautiful to see all of the different types of yidden that came there.

6

 Sep 05, 2008 at 10:43 AM Choizik Says:

To Abba:

Six Flags has to much Preitzus!

7

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