The End of Astroland?

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Astroland, Coney Island's nearly half-century-old amusement park looks as if it's closing for good this weekend. The owner says she can't renew her lease to the developer to whom she sold the land.

REPORTER: If it seems like you've heard this before, you have. Astroland owner Carol Albert threatened to close the park last year, before negotiating a one year lease with Thor Equities. But now she says the park will have to close on Sunday because she wasn't offered another agreement. She says she sold the land to the developer because she thought he was going to build a glorious 21st century theme park.

ALBERT: And now what I think what is very sad for everyone is that there is a real question whether any amusements other than the Cyclone and the Wonder Wheel will remain in Coney Island."

REPORTER: A spokesman for Thor Equites says they're extremely disappointed Albert decided to give up on the future of Coney Island, but reassured fans that they'll be open for business next summer with amusements games and entertainment "galore". Coney Island Economic Development Corporation's Lynn Kelly is doubtful about that. She says unless people support the city's zoning plan, she's unsure if any part of the amusement area will be preserved.