Thor Equities | Amusing the Zillion

Posts Tagged ‘Thor Equities’

Coney Island is Open, Only Dreamland is Closed

Posted in amusement park, Coney Island, Coney Island Redevelopment, tagged closed, Coney Island, Dreamland, Thor Equities on August 21, 2009| 6 Comments »

Get on the Bus: Coney Island. Really Fun, Really Open. Photo © Tricia Vita/me-myself-i via flickr

Today NY1, News12 and the Brooklyn Paper were in Coney Island covering the lockdown of Dreamland amusement area by property owner Thor Equities because of a rent dispute. More terrible publicity for Coney courtesy of Thor. People will hear part of this story and think because “Dreamland” is closed all of Coney Island is shutdown and it’s not worth going.

Coney Island is open. Only Dreamland, the temporary fair on the former Astroland site, is closed. Big deal. Dreamland never lived up to Joe Sitt’s promise of 25 rides. It had 12 rides and several sideshows including the “Giant Rat” (a capybara) and Headless Woman. If you missed seeing these shows, please visit the photosharing site flickr where you can look at pix of the banners for free. You will have saved yourself a dollar.

I’m sorry Dreamland was abruptly closed by Thor Equities. I suspect this is all about Thor CEO Joe Sitt telling the Mayor, hey I upped the ante on the rent because amusements don’t make money. Last we heard, Sitt was squeezing the City for $165 million to buy him out. He may also be pressuring for concessions such as tax breaks and a hardship variance to build time shares in his Coney Island sandbox, oops I mean his property. It’s been three weeks since the City Council approved the rezoning of Coney without sealing the deal to buy Thor Equities property.

But there’s still plenty for visitors to enjoy in Coney Island. I work in Coney and have actually kept a ride count all summer long. Without Thor Equities Dreamland, CONEY ISLAND STILL HAS 43 –that’s FORTY THREE RIDES. In addition to the Cyclone and the Wonder Wheel, there’s Deno’s Park with 21 rides, McCullough’s Kiddie Park with a dozen rides, the fabulous Eldorado Bumper Cars & Arcade, Polar Express and more.

Also in today’s headlines was the closing of Coney Island’s beach as well as other City beaches for the weekend due to the approach of Hurricane Bill.

Rain or shine, people can enjoy Ringling’s Coney Island Boom A Ring Circus, the Coney Island USA sideshow, Burlesque at the Beach, the Coney Island Museum, the Coney Island History Project, the New York Aquarium, Lola Staar’s Dreamland Roller Rink (not associated with “Dreamland Park”), Ruby’s Bar, Cha Cha’s and Coney Island Arcade.

Don’t be taken in by Thor Equities attempt to kill amusements in Coney Island by closing down his temporary fair three weeks ahead of schedule. Support amusements in Coney Island by coming out and patronizing longtime operators and entrepreneurs.

SEPT 5, 2009 UPDATE Dreamland was allowed to reopen for Labor Day Weekend after City Councilman Domenic Recchia Jr. interceded. Operating rides include Geren Rides Ring of Fire, Reverchon Himalaya, Trabant, Scrambler and five kiddie rides. There are also two arcades, games and food stands. The park has about half as many attractions as when it closed since John Strong’s sideshows left and Butler Amusements rides were dismantled. The entrance to the park is on Surf Avenue. A few games and stands have been set up at the Boardwalk gate.

Coney Island 2010? Carnival Gambles on Roller Coaster

Posted in amusement park, Amusement ride, tagged Coney Island, Geren Rides, rides, roller coaster, Schwartzkopf, Thor Equities, Wildcat on August 8, 2009| 5 Comments »

On location in Coney Island: Reverchon Himalaya recently purchased by Geren Rides from Cumberland Valley Shows. Photo © Tricia Vita/me-myself-i via flickr

In anticipation of a third season on Thor Equities property in Coney Island, carnival operator Glenn Geren recently purchased a Schwarzkopf Wildcat Coaster, Reverchon Himalaya, Watkins Swinger and Tempest, and Bumper Cars from Cumberland Valley Shows through usedrides.com. For the past two summers, Geren Rides of Valdosta, Georgia, has operated 10 rides in “Dreamland,” the temporary amusement park on Thor Equities vacant lots in Coney Island.

The news that real estate speculator and Thor CEO Joe Sitt is close to selling his Coney Island property to the City doesn’t worry Geren. Does the carnival operator know something we don’t know? “I’ve just got an assurance is all I have,” says Geren, who admits he doesn’t have a contract with Thor. “I was told if we don’t set up on this side of Coney Island, we’d set up on the other side of Coney Island. I’ve been testing the waters and I’ve already made a pretty good investment for next year.”

The five rides were purchased from Cumberland Valley Shows of Lebanon, Tenn., which had the equipment in storage at their winter quarters for several years. Jeremy Floyd of CVS confirmed that the coaster purchased by Geren was a Wildcat owned by his family’s carnival. A coaster website had previously listed CVS’s portable coaster as a Pinfari Zyklon. The first steel coaster made by famed roller coaster designer Anton Schwarzkopf, Wildcat coasters can be found at Washington State’s Puyallup Fair and the Jolly Roger Amusement Park in Ocean City, Md.

Wildcat at Jolly Roger Amusement Park in Ocean City, Maryland. Photo © www.CanobieFan.com via flickr

Schwarzkopf Wildcat Coaster at Jolly Roger Amusement Park in Ocean City, Maryland. Photo © http://www.CanobieFan.com via flickr

photo via Canobie Fan, flickr

Early this season, the Coney Island Rumor Mill was sayin’ a Zyklon was coming to Dreamland. Thor Equities CEO Joe Sitt promised “two dozen rides” in a statement in Brooklyn Borough President Marty Markowitz’s summer newsletter and Sitt’s spokesman kept insisting the rides were on the way! It turns out Geren had expected to close on the rides before the Fourth of July, but financing was delayed. When can we expect the Wildcat in Coney Island? “I’m gonna see if I can get it here for Labor Day but if not it’ll be for sure Easter of next year,” says Geren. “Actually it would probably be better if the park were closed to set up because it takes 7 semis to haul it.”

ATZ talked with Geren after his Wisdom Himalaya packed up last week and Coney ride fans began to ask if this year would be a repeat of last. In 2008, Thor Equities much-hyped Dreamland Park on Stillwell Avenue was supposed to run through Labor Day, but Geren’s Himalaya left Coney Island in mid-July for a Tennessee fair and the rest of his rides soon followed. Thor’s so-called “Dreamland” disintegrated into empty lots while the rest of Coney Island’s amusement rides and attractions remained open through September.

This year Dreamland will remain open, Geren says. The Wisdom Himalaya left Coney Island for Tennessee’s Putnam County Fair and the Spin Out will follow, but the rest of his rides—the Ring of Fire, Scrambler, Trabant and kiddie rides will stay for the rest of the season. “I’ve got other rides coming in. Actually I’ve already got my Bumper Cars here parked behind Nathan’s and there’s two more trailer loads of Himalaya parked over there too.” The Reverchon Himalaya, which takes three trailers, is currently on site being sanded and painted in preparation for set up. If you’re planning a visit to Coney, don’t let that dissuade you because Coney Island currently has 56 rides and 30 more days of summer!

Just Arrived... Bumper Cars & Himalaya Parked Behind Nathan's. Photo © Tricia Vita/me-myself-i via flickr

With only 30 days left till Labor Day, the question is will Dreamland’s replacement rides be set up and ready to open before the season is over? Geren hopes to have the rides up and running within a couple of weeks. As for whether the season will be extended through September, Geren says “I’m kind of in uncharted waters here.”

In fact, all of Coney Island is uncharted waters since the City’s Rezoning passed in the City Council. But Geren’s certainty that he’ll be back in Coney in 2010 doesn’t surprise us in the least. As a reporter for the trade publication Amusement Business, I’d interviewed Geren and found him to be a risk taker. The show owner made waves in the fair industry in 2003 when he bought 13 fair and festival contracts for $114,010 plus 15% of ride grosses at the bankruptcy proceedings of United Shows. He’s kept some of these spots, but he’s also lost some. “I’m either a gambler or a fool,” Geren says with a laugh.

The biggest gambler or fool may turn out to be the City for going ahead and passing the Coney rezoning before a deal was in place with Thor Equities. Now that Sitt’s land has been upzoned, it’s going to be vastly more expensive to purchase and the City has lost bargaining power. Is Sitt under any obligation to sell to the City? What’s stopping him from flipping it to another developer just as he did with Washington Baths and Albee Square Mall? As Joe Sitt famously said last month, “I’m the guy who controls this – it’s my sandbox.” Nice spot for a Schwarzkopf.

Coney Island 2010 Update: The Contenders from A to Z: Coney Island Amusement Operator RFP

5 Legged Puppy Saved! Last Chance to Save Coney Island!

Posted in Coney Island, tagged 5 legged puppy, City Council, Coney Island, Joe Sitt, John Strong, Redevelopment, rezoning, Save Coney Island, Thor Equities on July 25, 2009| Leave a Comment »

View of Surf Avenue's Henderson Building and Shore Hotel from Stillwell Station. Owned by Thor Equities, these historic structures are endangered by the city’s rezoning plan allowing four high-rise hotels of up to 27 stories along the south side of Surf Avenue. Photo © Tricia Vita/me-myself-i via flickr

I’m happy to report the adorable-looking, headline-grabbing 5- legged puppy was “saved” from being sold to a Coney Island freak show. Now can we please grab your attention for a minute to Save Coney Island? The grassroots group Save Coney Island has called a rally on Sunday, July 26, at 1 p.m. in Columbus Park by the steps of Brooklyn Borough Hall.

Juan Rivero of Save Coney Island told ATZ:

With the City Council set to vote on the plan this coming Wednesday, this rally is the public’s last chance to make its voice heard.

We are calling for more acres to be devoted to outdoor amusements, for the removal of the four high-rise hotel towers proposed for the south side of Surf Avenue, and for the preservation of Coney Island’s historic buildings. We share the hope and expectation expressed at the land use committee hearing by Council members Recchia, Katz, and others that the City will address our concerns through negotiations before the full Council vote.

If you live in NYC please phone AND email your City Council member, Speaker Christine Quinn and Mayor Bloomberg. Remember, they are running for re-election in November and want your vote. Do they want to go down in history as the city officials who KILLED CONEY ISLAND? Of course not!

To find your City Council member, type your address on the City’s Council’s info page.

If you do NOT live in NYC, please send a DON’T KILL CONEY email to Mayor Michael Bloomberg
email:http://www.nyc.gov/html/mail/html/mayor.html
or phone 311 (1- 212-NEWYORK outside of the city) and
leave a “Comment for the Mayor.”

Visit Save Coney Island’s website for more info.

As for the 5- legged puppy story, I was dismayed to see the LA Times story “Coney Island freak show owner vows to fight for ownership of 5 legged puppy” knock the HuffPost editorial “How Mayor Bloomberg is Killing Coney Island” from the #1 slot in a Google search of “Coney Island.” The puppy was a featured attraction in yesterday’s NY Times, NY Post, NY Daily News and amNew York, as well as papers as far away as Ethiopia and New Zealand.

I’m pretty sure Coney Island sideshow operator John Strong’s threat to sue the puppy’s owner and reattach the dog’s amputated fifth leg is a publicity stunt. I kinda liked his earlier, more philosophical comment “Sometimes, you just gotta say: ‘OK, I still have nine live, two-headed animals,’ and move on.” Yes, let’s move on to Save Coney Island. It may be our last chance.