Astroland completed another season yesterday, but its flashy neon lights may never again brighten the boardwalk. Last November, Carol and Jerome Albert, whose family has owned Astroland since it opened in 1962, sold the property for an undisclosed price to a developer, Thor Equities. The developer plans to erect a new park, hotel, restaurants and time-share units on 10 acres of land between West 10th and West 15th Streets and south of Surf Avenue in the Brooklyn neighborhood; Astroland occupies about one-third of that area. The Cyclone, the wooden roller coaster, which is part of Astroland, has been an official city landmark since 1988 and therefore is not in danger of being destroyed for the project.
Read more from The New York Times.