The company that bought Sponge-bob Squarepants to adoring kids
everywhere could be a major player in the planned redevelopment of
Coney Island.
The television network Nickelodeon has expressed interest in being
part of the multi-billion dollar proposal to turn Astroland Park into a
year-round tourist attraction.
Viacom, the network’s parent company is talking with the site’s new
owners, Thor Equities about opening a nickelodeon-themed hotel. A
similar plan for Governors Island was shot down last month.
Thor Equities hopes to begin the approval process for the project
early next year. If all goes according to plan the new park could be
open for business by 2011.