Thor Equities owner may make move on additional property

Posted Wednesday, January 7, 2009 9:14 AM | Contributed by Jeff

Joe Sitt, owner of Thor Equities, is negotiating to buy the three-acre site of the former Thunderbolt roller coaster from Horace Bullard, the Kansas Fried Chicken mogul whose own theme park scheme for Steeplechase Park was blocked by then-Mayor Giuliani in 1994. Bullard, who’s owned the land bounded by the Boardwalk, Surf Avenue, Keyspan Park and West 15th Street since 1985, said Sitt’s recent offer of $91 million was far more than the Bloomberg Administration’s bid.

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