This from Bloomberg Media:
Astroland Amusement Park on the Coney
Island boardwalk, which offered rides and thrills to a generation
of Brooklynites, was sold to a developer planning to turn it into
a year-round resort.The park will close after the 2007 summer season as part of
an agreement Thor Equities LLC, a New York-based development firm,
according to a statement released by the sellers, the Albert
family. Dewey Albert, father of the current owner Jerome Albert,
opened the amusement park in 1962, the statement said.No price was given. The owners said they couldn’t afford to
convert the park to year-round operation. The Alberts will
continue to operate the landmark Cyclone roller-coaster, which
will be 80 years old next year, under a contract with the city of
New York, according to the statement.