NYC Attempting to Clean Up the Sitt

Posted by on November 18, 2008 | Add a Comment

The Coney Island land grab, buy back saga continues with the Bloomberg administration looking to purchase 10.5 acres of property in Coney Island…property that Thor Equities owns. Devloper Joe Sitt is said to be “ready to give up” on his plans to make his properties into gigantic casinos, malls, condos, and whatever else he had … NYC Attempting to Clean Up the Sitt

NYC Snaps Up Part of Deno’s Wonder Wheel Park

Posted by on October 15, 2008 | Add a Comment

A major blow to Thor Equities came today as the city of New York purchased a one acre piece of Deno’s Wonder Wheel Park for $11 million. Thor Equities had been “in contract” to buy the same piece of land for the aformentioned price, instead the city snatched it up before a deal went through. … NYC Snaps Up Part of Deno’s Wonder Wheel Park