Thor Equities LLC

  • Blogs

    November 3, 2010

    New Yorkers Rally to Save 76-Year-Old Coney Island Bar, Ruby's

    ​You've probably heard that a number of Coney Island boardwalk businesses -- including iconic spots like Ruby's bar -- have lost their licenses. And this probably, if you're anything like us, makes you sad. Thor Equities has apparently given Ruby's just two weeks to vacate, according to Patell ... More >>

  • News

    May 25, 2010
  • Blogs

    December 28, 2009

    Interview: Dick Zigun, Mayor of Coney Island, on What's Good and Not So Good About the City's Coney Plans

    Photo (c) Robert Schaffer. Dick Zigun is the artistic director of Coney Island USA. His Sideshows by the Seashore not only features the last "10 in One" sideshow, but showcases burlesque, houses a museum, and plays hosts to many events, including the Coney Island Film Festival, and is the headqua ... More >>

  • Blogs

    November 12, 2009

    City Buys Sitt Land, But Coney Future Still Hazy

    ​ It was, Mayor Bloomberg said more than once, "a day people probably thought never would arrive." After more than a year of negotiations and at least one false positive, the mayor and developer Joe Sitt took to the Blue Room podium today to announce that Sitt's Thor Equities has agreed to sel ... More >>

  • Theater

    September 15, 2009

    Governors Island Hosts 'New Island Festival'

    High ambitions from a Low Land

  • Blogs

    July 29, 2009

    Live! Coney Island Council Vote!

    ​ Photo (cc) MapDork. Against all odds, there's actually working (sort of) WiFi in the city council chamber, so I'm going to attempt to liveblog today's final vote on the city's Coney Island rezoning plan. The council's land use committee gave its preliminary blessing last week, so the last ... More >>

  • Blogs

    June 30, 2009

    Joe Sitt Weeps for Coney; Land Use Committee Considers Plan Tomorrow

    We are grateful to Brownstoner for tipping us to the Crain's New York Business article on Coney Island developer Joe Sitt, his habit of buying up city properties and flipping them for profits, and his attempts to do the same with his Coney holdings, though he tells Crain's (with tears in his eyes!) ... More >>

  • Blogs

    March 19, 2009

    Circus Coming to Coney Island?

    No, we're not writing to correct the date of the elephant parade again; that's totally on for Monday night. Here is other circus-connected news: The Brooklyn Paper's sources tell it that the Ringling Brothers Barnum & Bailey Circus is coming to Coney Island next summer. The expected circus site belo ... More >>

  • Blogs

    January 28, 2009

    City Saving Astroland Rocket (in Space-Saving Vacuum Bag)

    There hasn't been much good news coming out of Coney Island of late, unless you count the news that Nathan's is staying put even if its building doesn't. So this morning's announcement by the city of a major press conference on "Coney Island redevelopment" at noon, featuring everyone from deputy ma ... More >>

  • Blogs

    January 5, 2009

    Thor Equities Not Done Ruining Coney Island

    Having turned the swaths of Coney Island under his control into wreckage, Thor Equities developer Joe Sitt is gunning for more: now he's offering $91 million for the three acres upon which the Thunderbolt ride sits. (The Post story contains the fun fact that the 'Bolt is owned by the guy who also ow ... More >>

  • Blogs

    December 24, 2008

    Merry Coney Closing Christmas from Thor Equities!

    Here, let us bum out your Christmas: this picture (by Jonesy at the Coney Island BB, h/t Gowanus Lounge) is from the Coney Island Boardwalk, where "For Lease" signs are going up over several buildings (so the Polar Bear Club will see them, we guess). Among the shuttered businesses is Ruby's, the big ... More >>

  • Blogs

    November 24, 2008

    Astroland Going, Going...

    photos by Neil deMause Take a look at Astroland from a passing Q train, and you might not notice anything out of the ordinary: The Astrotower, the pirate ship, and other landmarks are still there as always. Approach the gates, though, and the first signs of demolition are obvious. The teacup ride s ... More >>

  • Blogs

    October 16, 2008

    City Doesn't Actually Buy Wonder Wheel Site

    Notwithstanding our earlier report, not to mention Jennifer 8. Lee's report in this morning's Times, the city has not actually bought the site of the landmarked Wonder Wheel. The one-acre parcel that was purchased by the Bloomberg administration is actually the site of the Deno's Wonder Wheel kiddie ... More >>

  • Blogs

    October 15, 2008

    City Buys Part of Coney's Wonder Wheel Property *

    Gowanus Lounge reports that the New York City Economic Development Corporation has bought an acre of the property on which Coney Island's landmarked Wonder Wheel sits. GL says this is "HUGE" because Thor Equities, the developer/despoiler that has bought many parcels of Coney land and largely control ... More >>

  • Blogs

    September 13, 2008
  • Blogs

    September 9, 2008

    Coney Island of the Mind Game? Sources Say City Wants Astroland Back

    Though Coney Island's Astroland closed on Sunday night, anonymous city officials tell the New York Daily News they are "pushing" to reopen the amusement park in a different, presumably nearby location, on land leased from the city. This is contingent upon the city reaching an accommodation with cu ... More >>

  • Blogs

    September 8, 2008
  • Blogs

    August 27, 2008
  • Blogs

    August 12, 2008
  • Voice Choices

    July 9, 2008


    We only do this once a year

  • Blogs

    June 20, 2008

    Mermaids of the World, Unite! Tomorrow's the Time on Coney Island

    Behold the great mermaid tail Coney Island's annual Mermaid Parade isn't usually a place for broad political messages, except when reclaiming pasties as a symbol of women's empowerment can be considered political. These aren't normal times, however. Last year, as the battle over Thor Equities' plan ... More >>

  • Blogs

    May 22, 2008

    "Save Coney" Protestors Rain on City's Beach-Opening Parade

    Another sign that the weather gods hate Coney Island this year: Rainclouds and bitter winds met this morning's official ceremonies marking the reopening of the beach for the summer season. "It's a beautiful sunny day!" Parks Commissioner Adrian Benape taunted a crowd of schoolchildren shivering unde ... More >>

  • Blogs

    November 9, 2007
  • Blogs

    November 8, 2007

    Bloomberg Unveils Coney Redevelopment Plan

    Locked in a stalemate with a developer over the future of Coney Island, city officials unveiled a new vision for the area that seemingly solves the problem: Make the disputed land into parkland. The parcel of Coney that includes the much-beloved Astroland would keep its current amusement zoning bu ... More >>

  • Blogs

    October 24, 2007

    Astroland Lives For One More Summer!

    The pirate ship will take flight again: In what seemed inconceivable only a few months ago, Astroland operator Carol Hill Albert and her landlord Thor Equities have agreed to a new lease that will keep the 45-year-old Coney Island institution open for another season. "I'm very pleased for my emplo ... More >>

  • Blogs

    September 20, 2007
  • Blogs

    September 10, 2007

    Last Ride at Astroland

    Save Astroland campaigner Brian Gotlieb tries to keep the dream (or at least the swinging pirate ship) alive. Photos by Neil deMause Yesterday was the official last day of business for Astroland, and supporters of the 45-year-old Coney Island institution turned out in hopes of sparking an 11th-hour ... More >>

  • News

    August 21, 2007

    Labor Day Pains

    Will this be the winter of Coney's discontent?

  • Blogs

    August 9, 2007

    Will City Land Swap Make Coney Squabble Vanish?

    A reported land swap would preserve Coney Island's amusement area—and give Joe Sitt a nice little windfall. Photo: Wallyg via flickr In a Coney Island summer that has mostly been devoted to rumors and the report of rumors - Carol Albert is putting Astroland's rides on the block! Now she's taking ... More >>

  • Blogs

    June 18, 2007

    Thor Throws a Coney Island Curveball

    No condos for Coney? Photo by Sidney Lo Developers Thor Equities dropped a bombshell yesterday afternoon, sending out a terse two-paragraph e-mail declaring that it had "completely eliminated the residential component of its proposed plan" and will instead offer "a plan that is compatible with ... More >>

  • Blogs

    June 7, 2007

    Coney Island Lives! Astroland, Maybe Not

    The remains of go-kart rides demolished by Thor Equities await the city's rezoning decision. Last night, the somewhat unlikely pairing of the Municipal Art Society (representing white-haired Manhattan urban planning geeks) and Coney Island USA (representing a different kind of geek) sponsored "Cone ... More >>

  • News

    May 22, 2007

    On the Outs in Brooklyn

    The city's complicity behind the borough's soaring eviction rate

  • Blogs

    April 30, 2007
  • News

    April 10, 2007
  • NYC Life

    April 3, 2007

    Coney Island's Last Ride? The Bulldozer!

    Behind the scenes, a scary game of chicken between the city and a developer who dreams of high-rise condos that won't amuse you

  • NYC Life

    June 21, 2005

    Scary Ride at Coney Island

    Extreme makeover not amusing to everybody in the amusement district