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NEWS
Astroland decision still up in the air
POSTED 15 Sep 2008 . BY Tom Walker
The Astroland amusement park on Coney Island, New York, US, has now closed for the season but it is still unclear whether it will open for business next year.

The rides at the 3.1-acre park are owned and managed by the Alberts family, but the land is currently owned by Thor Equities.

Jerome and Carol Albert secured a lease-back agreement to operate Astroland and its rides when they sold the land to real estate developers Thor for US$30m in November 2006.

However, the current one-year land lease deal comes to a close next month and, according to Carol Albert, the family has given up on hope of securing a new two-year contract to keep operating a park on the site until 2010.

Albert added that the family may now be forced to put around two dozen rides up for sale, although many other rides, including the historic Cyclone roller coaster and Wonder Wheel, are not part of Astroland and would not affected by the possible closure of the park.

In a further twist in the tale, New York mayor Michael Bloomberg has hinted that city officials may step in and attempt to negotiate a one-year renewal of Astroland's lease.

Astroland first opened its doors in 1962 and was rebuilt after a fire in 1975.

MORE NEWS
Butterfly sanctuary to host hot yoga during retreat at Jersey Zoo for Hotel de France
Hotel de France, located on the British Isle of Jersey, has created a wellness retreat package that includes a hot yoga session that will take place in Jersey Zoo’s butterfly sanctuary.
Warner Bros Discovery collaborates on upcoming Pompeii attraction
A new immersive attraction designed to transport visitors into the final hours of ancient Pompeii is preparing to open near the world-famous archaeological site in southern Italy.
Bob Rogers hands BRC to long-serving leadership team
Experience design company, BRC Imagination Arts, has completed a transition that sees founder Bob Rogers pass ownership of the business to four long-serving senior executives, while remaining actively involved with the company.
Rainer Maelzer joins Therme Group as chief entertainment officer
Rainer Maelzer, an experiential entertainment innovator, has been appointed chief entertainment officer by Therme Group.
+ More news   

COMPANY PROFILES
IAAPA EMEA

IAAPA Expo Europe was established in 2006 and has grown to the largest international conference and [more...]
IDEATTACK

IDEATTACK is a full-service planning and design company with headquarters in Los Angeles. [more...]
DJW

David & Lynn Willrich started the Company over thirty years ago, from the Audio Visual Department [more...]
Polin Waterparks

Polin was founded in Istanbul in 1976. Polin has since grown into a leading company in the waterpa [more...]
+ More profiles  
FEATURED SUPPLIER

Iconic Liverpool attraction opens door to new operators
An opportunity to reimagine one of the UK’s most recognisable towers has been formally opened by Rivington Hark, as St Johns Beacon invites operators and partners to shape its next phase. [more...]
CATALOGUE GALLERY
 

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23-26 Aug 2026

Elevate Spa Riviera Maya Edition

The Riviera Maya Edition Kanai, Playa del Carmen, Mexico
29 Sep - 02 Oct 2026

Synergy - The Retreat Show

Pical Resort, Valamar Collection, Porec, Croatia
+ More diary  
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Jobs    News   Products   Magazine   Subscribe
NEWS
Astroland decision still up in the air
POSTED 15 Sep 2008 . BY Tom Walker
The Astroland amusement park on Coney Island, New York, US, has now closed for the season but it is still unclear whether it will open for business next year.

The rides at the 3.1-acre park are owned and managed by the Alberts family, but the land is currently owned by Thor Equities.

Jerome and Carol Albert secured a lease-back agreement to operate Astroland and its rides when they sold the land to real estate developers Thor for US$30m in November 2006.

However, the current one-year land lease deal comes to a close next month and, according to Carol Albert, the family has given up on hope of securing a new two-year contract to keep operating a park on the site until 2010.

Albert added that the family may now be forced to put around two dozen rides up for sale, although many other rides, including the historic Cyclone roller coaster and Wonder Wheel, are not part of Astroland and would not affected by the possible closure of the park.

In a further twist in the tale, New York mayor Michael Bloomberg has hinted that city officials may step in and attempt to negotiate a one-year renewal of Astroland's lease.

Astroland first opened its doors in 1962 and was rebuilt after a fire in 1975.

MORE NEWS
Butterfly sanctuary to host hot yoga during retreat at Jersey Zoo for Hotel de France
Hotel de France, located on the British Isle of Jersey, has created a wellness retreat package that includes a hot yoga session that will take place in Jersey Zoo’s butterfly sanctuary.
Warner Bros Discovery collaborates on upcoming Pompeii attraction
A new immersive attraction designed to transport visitors into the final hours of ancient Pompeii is preparing to open near the world-famous archaeological site in southern Italy.
Bob Rogers hands BRC to long-serving leadership team
Experience design company, BRC Imagination Arts, has completed a transition that sees founder Bob Rogers pass ownership of the business to four long-serving senior executives, while remaining actively involved with the company.
Rainer Maelzer joins Therme Group as chief entertainment officer
Rainer Maelzer, an experiential entertainment innovator, has been appointed chief entertainment officer by Therme Group.
Movie Park Germany reveals new Paramount attraction as part of its 30th anniversary celebrations
Movie Park Germany has opened a new Paramount Pictures-themed attraction as part of its 30th anniversary celebrations, using immersive storytelling and adaptive reuse to reinforce the park’s longstanding “Hollywood in Germany” positioning.
Therme Manchester reveals 90:90 strategy – 90 per cent of the UK population within a 90-minute drive of a Therme
Therme Manchester’s 28-acre development, which will include interconnected glass pavilions that measure 65,000sq m, will be the largest bathing and wellbeing attraction in the world once complete, according to prof David Russell, CEO of Therme UK. 
+ More news   
 
COMPANY PROFILES
IAAPA EMEA

IAAPA Expo Europe was established in 2006 and has grown to the largest international conference and [more...]
IDEATTACK

IDEATTACK is a full-service planning and design company with headquarters in Los Angeles. [more...]
DJW

David & Lynn Willrich started the Company over thirty years ago, from the Audio Visual Department [more...]
Polin Waterparks

Polin was founded in Istanbul in 1976. Polin has since grown into a leading company in the waterpa [more...]
+ More profiles  
FEATURED SUPPLIER

Iconic Liverpool attraction opens door to new operators
An opportunity to reimagine one of the UK’s most recognisable towers has been formally opened by Rivington Hark, as St Johns Beacon invites operators and partners to shape its next phase. [more...]
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

23-26 Aug 2026

Elevate Spa Riviera Maya Edition

The Riviera Maya Edition Kanai, Playa del Carmen, Mexico
29 Sep - 02 Oct 2026

Synergy - The Retreat Show

Pical Resort, Valamar Collection, Porec, Croatia
+ More diary  
 


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©Cybertrek 2026

ABOUT LEISURE MEDIA
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ATTRACTIONS MANAGEMENT NEWS
ATTRACTIONS HANDBOOK
PRINT SUBSCRIPTIONS
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