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What’s next for Horace Bullard’s Coney Island properties?

The Brooklyn Paper
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The passing of Horace Bullard raises questions about the future of some of Coney Island’s most important real estate.

Critics who accused him of sitting on the properties while he wrangled with the city over his grand plans blame the area’s stagnation in part on Bullard’s inaction. Coney boosters are waiting to see if Bullard’s heir will move forward on developing the family holdings, or perhaps even price them to sell fast.

Bullard willed his prime Surf Avenue properties to his daughter Jasmine, who says she has no immediate plans to develop or dispose of the properties, which include the landmarked Shore Theater and the Thunderbolt and Playland Arcade lots.

Jasmine said it was too soon to decide what she would do with the properties, though she indicated she wanted to honor her late father’s vision for the renewal of Coney Island — a plan the city blocked in the 1990s.

“I am my father’s daughter, but I can’t say yet what I’m going to do,” the younger Bullard said.

The parcels remain on the market, according to Bullard’s real estate agent, Joe Vitacco, with the same hefty price tags — a $12 million asking price for the Shore Theater, and a whopping $90 million for the combined Playland and Thunderbolt properties.

“Nothing’s changed, as far as I know,” said Vitacco. “Time will only tell how things will fall out.”

But even development advocates who attacked Bullard for sitting on the properties said they were willing to be patient to see new action taken.

“May he rest in peace, and we’ll work out the future in the future,” said unofficial Coney mayor Dick Zigun.

Reach reporter Will Bredderman at wbredderman@cnglocal.com or by calling (718) 260-4507. Follow him at twitter.com/WillBredderman.
Posted 2:31 pm, April 24, 2013
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Reasonable discourse

nancy from coney says:
yeah shes gonna let it rot away like her dad did they dont care about coney that theather is beautiful inside and its falling apart bcause they are selfish people
they have nothing to do with coney havent for years if they did they care about coney and the people theyd sell it all and get on with their lives they dont want it they just want 2 be money grubbers if theysold it they couldlet the city fix up the theather and area 2 develop the property and giv the community jobs andbusinees but like i said they are selfish people
April 25, 2013, 7:46 pm
Susan from Sunset Park says:
Blame it all on Mayor Giuliani!!!!!!!!!!!!!
April 26, 2013, 5:30 pm
matt from coney island. says:
I'm sute she's a nice women. People, she just lost her father not to long ago. Give her so time.
Jan. 10, 2014, 10:36 pm

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