Coney Island: How Much Do You Give a Sitt?

sitt062607.jpgAs most readers are probably aware by now, developer Joseph Sitt’s company Thor Equities has spent in the neighborhood of $120 million amassing a large swath of property along the Coney Island waterfront, including the land upon which Astroland currently sits. In addition to a complete makeover of the amusement park, the company’s original plan called for a number of large, presumably pricey condos along the boardwalk. In the face of a broad pushback from community (and city residents in general), Sitt sent his designers back to the drawing board and unveiled a new proposal last week that substituted hotels and time-shares for condos and sought to reduce the density of the project. Thor’s Coney Plan 2.0 did not seem to appease the critics, though, including the city’s Economic Development Corporation. Community Board 13′s Chuck Reichenthal summed it up when he said that, The community and the Coney Island Development Corporation have all indicated that residential and amusements don’t go together.” On Tuesday night, Sitt showed up for a local community meeting to try to rally support for his plan, saying that he didn’t want to build it unless residents were in favor. (He also noted that he wanted the support of the press and the blogs.) When we wrote about the new plan last week, we wondered aloud, “If you’re already going to turn it into Disney World, what’s the big deal is about having some condos in the mix?” An editorial this week in The Brooklyn Paper titled “Let Joe Sitt Build” asked essentially the same question. Anyway, given Sitt’s interest in gauging public opinion, we thought we’d run one of our polls below.

Thor Backs Away from Coney Condo Plan [Brownstoner] GMAP
CI Plan Is Scaled Back, but Critics Are Skeptical [NY Times]
Sitt Speaks in Coney Island [Gowanus Lounge]
Let Joe Sitt Build [Brooklyn Paper]

By Brownstoner |