Thank you for visiting PlanNYC.
As of July 7, 2010, we have suspended daily news updating on this website, and will not be adding new developments or policy and legislative debates.
PlanNYC, a student-run website based at NYU’s Furman Center for Real Estate and Urban Policy, has proudly served New Yorkers for five years. During that time, the growth of online information on land use and development issues, along with advances in technology such as RSS feeds and news alerts, have created many opportunities for New Yorkers to stay informed about housing and land use debates in the City. As a result, the daily news updating on this site has become less unique and less critical to our users.
We are pleased to keep the existing PlanNYC content online as a resource; all content on the site is current of July 6, 2010, but will not be updated after that date.
We hope you continue to use the data and research available at the Furman Center (which you can find at www.furmancenter.org), and we welcome your ideas and suggestions for how we can continue to provide objective information and analysis about land use and housing policy debates in New York City.
For additional information or questions, please email furmancenter@nyu.edu.
Developer Wants To Buy More Coney Island Property
BROOKLYN COMMUNITY DISTRICT 13
Developer Joe Sitt is planning to buy three acres of Coney Island property that Mayor Bloomberg wants the city to buy. Kansas Fried Chicken owner Horace Bullard said that Sitt has offered $91 million for the former site of the Thunderbolt rollercoaster, while the city’s offers were too low to seriously consider. Sitt has been in negotiations to sell the city his 10.5 acres of Coney Island beachfront property, but talks have stalled because Sitt wants to sell the land for between $200 million and $250 million and the city would like to pay less than $200 million. Sitt spokesman Stefan Friedman said that the developer is buying the extra land for an entertainment-amusement complex to be set up on the boardwalk as a back-up plan should the deal with the city fail to move forward. Some believe that the extra land would increase Sitt’s leverage in the negotiations.