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Thor Wants $60M More at Coney

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The city has offered developer Joe Sitt $105 million (down from its initial offer of $110 million) for his land at Coney Island, but no one expect the Thor Equities boss to take the deal. Still a mystery is exactly how much Sitt thinks his land is worth, but now we have an answer, via a FOIL request filed by the Observer's Eliot Brown. In his response to the city's first offer in November, Sitt set his price at $165 million. So, only $60 million stands in the way of this crazy thing? Maybe a freak-shooting fundraiser is in order. [NYO]