The New York Post reports from Wednesday’s MAS panel discussion “Coney Island at the Crossroads,” that the City attempted to cut an eleventh hour deal with Thor Properties over the extension of a lease for Astroland – the Coney Island amusement park that closed its doors two Sundays ago.  Recognizing that Astroland is an existing amenity for millions of New Yorkers, MAS had urged the City to find a way to help Astroland continue, including relocating the park to City-owned land.

In other news, the City’s Economic Development Corporation has reached another agreement with a business owner in Willets Point, Queens. The website DevelopWilletsPoint.com says that the property, MA Realty, is the fifth land acquisition of the City to date.  Still, Curbed reports that these “deals” account for only 4 acres of the total site.

The MTA missed a contract option deadline that the New York Times says confirms that the 7th Avenue Subway extension will not include a 10th Avenue station.

Congressional hearing suggests financial fraud surrounding the new Yankee Stadium; Congressman Kucinich calls moratorium on taxpayer handouts until questions are answered (New York Daily News)

A new park in Lower Manhattan breaks ground; named for its bounding streets (New York Times)

Twelve prominent New York City developers make the Forbes 400 list (New York Observer)