Friday, March 20, 2009

Joe Sitt's Greed Blew It With The Ringling Circus

The possibility of the Ringling Brothers and Barnum & Bailey circus coming to Coney Island on one of the Taconic Investment lots was previously another possibility of having the circus pitch their tents on the former Astroland site, but negotiations with Thor Equities fell apart due to what they allegedly are calling 'greed', according to the New York Post.

The New York Post reported:

City officials said they're trying to iron out an agreement to bring the "Greatest Show on Earth" to a site off the area's fabled boardwalk after negotiations between Ringling Brothers and Joe Sitt, the amusement districts biggest landowner, felt apart two weeks ago mostly, they alleged, because Sitt was too greedy.

The three-ring circus wanted to play at Astroland, the fabled amusement park that closed for good in September. But officials contend Sitt who is battling the city over the mayor's Coney Island rezoning plan tried to nickel and dime Ringling Brothers by insisting his company, Thor Equities, be allowed to offer concessions during event days that compete with the circus own concessions.

Sitt, they said, also wanted a section of New York Aquarium's parking lot to provide circus parking, rather than offer parking on the 10.5 acres of boardwalk land he owns.

Whether this is accurate or not time is going and it still looks like Joe Sitt and Thor Equities are still not sure about what they want to do with their empty lots. Negotiations have also not been met for some of the boardwalk businesses which speculation has it that Thor has hiked up the rents three-fold.

For those that feel the circus is a good draw for Coney's summer season, talks are taking between the circus, the city, and
Taconic Investments for putting the tent on Taconic's W.22nd Street lot. However, no deals have been met as of yet.


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