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A spokesman for Robert Lieber, deputy mayor for economic development, confirmed that talks are in progress between the city and Thor Equities for purchase of the acreage, which includes the 3.1-acre Astroland amusement park that closed in September after its longtime owner broke off negotiations with Thor for a year's extension on its lease.
The New York Post reported on Monday that Bloomberg wanted to have Astroland back in business by next summer, and the city might have to pay upward of $200 million for the property. Such a price could double Thor's initial investment.
“I'm not sure where those dollar values are from, but, yes, we're talking to Thor Equities about its land in the amusement district,” Mr. Lieber’s spokesman said.
http://www.crainsnewyork.com/apps/pbcs.dll/article?AID=/20081117/FREE/811179916/1050/toc
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