From the NY Observer:
The Bloomberg administration’s plans to redevelop Coney Island are being held up, in part, by less than $60 million.
Per a set of documents I requested, it seems Mr. Sitt responded to a request by the city that he put a number on the table for the sale of his property. His price: $165 million, an amount that includes what Mr. Sitt considers a 20 percent profit. City officials, in turn, had offered $110 million, though the city publicly dropped its offer to $105 million Wednesday.
All told, it seems that the two sides are between $45 million and $60 million apart.