It never would have happened unless Joe Sitt invested. No other developer did for decades.
SILive.com excerpt -
In an Advance Editorial Board with Grimm, Recchia said, "We had to find a
developer; we went from developer to developer to see who was
interested in it. Thor Equities was a developer that was interested in
Coney Island. And because of their investment, Coney Island is what it
is today. If it wasn't for Joe Sitt, we might not have had the success
we have in Coney Island today."