KINETIC CARNIVAL - The Coney Island Blog

A space of musings, past and current as well as the future of amusements in the legendary Coney Island and Beyond!

Thursday, July 02, 2009

CEO Of Thor Equities, Joe Sitt's Statement On City Council Hearing


Image courtesy of Adrian Kinloch (Brit In Brooklyn)

Like many on the council who lean towards protecting the established businesses in Coney Island as well as push for private investment for Coney's only chance of revitalization, Joe Sitt warns that passing the zoning purposed by the city will not only hinder private investment but also lead to future years of decline for the 'former' people's playground, as he puts it.

In a press release yesterday Joe Sitt's statement reads:

"As we've said time and again, the city's zoning proposal as it currently stands will not lead to the revitalization of Coney Island,but rather to years, if not decades, of more of the same decline for the former People's Playground. By sacrificing any hope of private investment in Coney, the city is in real danger of passing zoning that will waste a once-in-a-lifetime opportunity to return Coney to its heyday.

As the largest landowner in the amusement district, we stand ready to work with the city to come up with a zoning proposal that encourages private investment, allows for year-round amusements, games, shopping and other activities, and ensures significant job creation."


The statement released yesterday by Loren Riegelhaupt, Senior Vice President, KnickerbockerSKD


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posted by Omar Robau @ 7/02/2009 03:05:00 AM 

1 Comments:

Blogger Bruce said...

Just more nonsense from the man known as Joe Bull Sitt. Albee Square Mall is still a hole in the ground after he said the same things about that. He only knows retail, which is the only reason he poured cement for his flea by the sea, a garbage collection of socks, knock off goods, and bootleg CD's

July 2, 2009 at 5:32 PM  

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