Thor Equities will end up on Coney's wall of shame |
Dahmer-style holes by Thor Equities |
Now, without any remorse, Thor Equities is moving quickly to demolish the oldest buildings remaining in Coney Island for what only they could replace it with; temporary, tasteless boxed run-of-the mill retail spaces. Instead of working to profit from creating a historic district for Coney Island - that could probably turn out to even more profitable then the lackluster they are planning - Thor Equities is shooting themselves and their investors in the foot. It's hard to imagine selling the vacant property to another developer, which is really what they are planning, in order to build high rise hotels in an amusement area which, due to its size, will not merit it. All is traced back to the real scenario at play here; which seems to be the stubborn push for condos. Their hope is that even with a shiny new amusement park now thriving at Coney, a high rise condo will still be of value, since the noise below could be cushioned with distance. The distance being a few floors or retail and other indoor facilities.
And like the serial killer; selfishness and a lack of consideration carries them through their senseless actions. Bank Building Images courtesy of Eric Kowalsky (Facebook)
3 comments:
The shiny carnival rides are a distraction. The moment people become too tired to fight, they'll be on the auction block. I've listened to developers speak in board rooms and their strategies are evil.
Man Omar, I wish those dilapidated monstrosities were down already and bulldozed. How long does it take to get those buildings down? Nothing but impediments to Coney development moving forward.
"Ever since Joe Sitt and Thor Equities stepped into Coney Island, they have nothing but lied, fabricated stories of redevelopment, and in their wake, killed existing amusements, turned honky tonk into trailer-trash 'amusements', while creating more rotting dead zones than Coney Island has ever had in the last three decades."
Joe Sitt got the zoning changed to year round. Exactly what you guys fought against. I will be forever grateful to him for accomplishing what no other developer got accomplished in our lifetimes. Buying all the land and getting that antiquated zoning changed. Thanks Joe!
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