Park It Here: Thor Finds New Use for Coney Land
It's anyone's guess what the final Coney Island resolution will be, but for now, we can say that developer Joe Sitt and Thor Equities have found a new use for some of their land: a parking lot. The big plot of land along Stillwell Avenue that experienced premature demolition last year was being used (at least, temporarily) yesterday as a parking lot. Thor intends to have carnival rides on the land starting on May 22 for about a week-and-a-half. There are also "space for rent" signs all over its properties (example below), which would indicate the developer is trying to derive revenue from land from which tenants were removed in the winter of 2006.