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Re: Thor Equities Has Purchased Coney Island Yards from the MTA!!!....Re: Astroland sold !!

Posted by vfrt on Tue Nov 28 21:33:13 2006, in response to Re: Thor Equities Has Purchased Coney Island Yards from the MTA!!!....Re: Astroland sold !!, posted by South Brooklyn Railway on Tue Nov 28 21:04:04 2006.

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The land is too valuable to store subway cars on. Thor is proposing 6 luxury high-rent, high-income only residential towers. The poor destroyed Coney Island anyway, who needs them. The Stillwell Terminal complex is part of the deal. Thor is leasing it back to the MTA for $750 million per year. As part of the deal they will also construct some low-income housing on the site of an old radium factory on Shell Road.

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