The seven-story, 85-year-old former vaudeville playhouse has been neglected for more than 40 years. Its owner, the Kansas Fried Chicken magnate Horace Bullard, opposed the landmark status because he said it would “hinder” his ability to convert the building for modern uses. He now says he will renovate the façade and try to sell it.
“There is no way that Coney Island can evolve as an amusement district when they keep landmarking buildings,” Bullard said on Tuesday. “They’re handicapping the entire area. But fine. We’ll have it up for sale, and if we can’t do that we’ll fix it up and put some offices inside and rent it out.”