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Joseph J. Sitt, who says his company has spent $120 million buying up land underneath and around the rides, said on Friday that he had “rolled over” in response to the criticism of his earlier plans for an entertainment and residential complex. So the looming 40-story tower planned for the Boardwalk at Stillwell Avenue is gone. So are the hundreds of rental apartments and luxury condominiums in the old plan. The new proposal is less dense, he said, but has more of “the new, the edgy, and the outlandish” rides and attractions that America’s first resort was once known for.
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