Brooklyn, NY - Coney Island's Astroland Sold, Will Close Next Year

Brooklyn, NY - The vintage Astroland Amusement Park, one of the anchors of Coney Island since its 1962 opening, was purchased by a developer intent on restoring the Brooklyn beachfront as a $1.5 billion year-round resort.

The Albert family, owners of the well-known park, will close the 3.1-acre attraction at the end of the 2007 summer season under the deal reached with Thor Equities. The Alberts will continue to operate the landmark Cyclone roller-coaster, which turns 80 next year, under an existing agreement with the city.
The decision to sell was "very difficult and made only after months of extensive discussion," said Carol Hill Albert, co-owner of Astroland with husband Jerome.