The public negotiation continues! Last year Joe Sitt said that he would part with his company's 10.5-acres of land in Coney Island for $165 million. Earlier this year the city, which has its own plans for remaking the area, offered $105 million. Now Sitt says the property's not for sale at all. "We don't want to sell, we want to build," Sitt told the NY Post. It'll be interesting to see who wins this game of chicken. In the end, the city holds the ultimate trump card—eminent domain.
Coney Man Kicks Sand in Mike's Face [NY Post]
City Makes Sitt an Offer He Can Refuse [Brownstoner]
The Fight for the Future of Coney Island [Brownstoner]
Photo by Tricia Vita
Sitt Says Thor's Coney Land No Longer for Sale
Copyright Brown - Brownstoner