Interesting confirmation that Thor retains half the land for year-round development - Excellent!
From Thor's press release: "Today marks a new beginning for Coney Island and the culmination of a lot of hard work," said Joseph Sitt, Chairman and CEO of Thor Equities. "In the end, we all wanted the same thing: to return Coney Island to its historic grandeur and prosperous past. The sale of half of our land allows the City to move forward with its vision and for Thor to continue to be an integral part of Coney’s future. Now it’s time for all of us to come together and get back to work in restoring the People’s Playground to its prominent position as the preeminent amusement and entertainment destination in the world." Thor still controls about 6 acres of Coney land where the company says it's going to build hotels and retail.