City Inks Deal to Buy Wonder Wheel Park in Coney Island


According to a press release that just went out from the EDC, the city has reached a deal to purchase the one-acre site of Wonder Wheel park in Coney Island from Ward Realty for $11 million. The site is part of the larger nine-acre parcel that the city wants to rezone as part of its 21st-century vision for the area. The city now owns about four acres of that area. No comment as of yet from Thor Equities.
Photo by Fenfoto

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