The New Coney Island - Brooklyn's Times Square by the Sea

Tuesday, July 21, 2009

NY Times - They are talking 6 acres with Thor

Looks like they may split the property. Part Parkland part retained by Thor. Not bad if they can close the deal.

NY Times excerpt -

In recent days, city officials talked to him about a deal in which he would sell roughly six acres and retain the rest for development. But it remains to be seen whether the two sides can come to terms.

“We can be hopeful that the administration knows how to close a deal,” Jesse Masyr, a lawyer who is handling the negotiations for Mr. Sitt, said.

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