Dreamland faces financial nightmare

Dreamland Amusement Park shut down and locked up Friday at the height of the season.When employees of the park showed up to work, they were

CONEY ISLAND - Dreamland Amusement Park shut down and locked up Friday at the height of the season.

When employees of the park showed up to work, they were stopped by security guards who were keeping the gates closed and people out.

Sources say the amusement park owed urban real estate developer and owner Thor Equities approximately $600,000 and is no where near meeting its financial obligations.

The president of the park says it is an illegal eviction, saying he had no notice or warning that the park was going to be locked at 2:00 a.m. Friday. He says Thor Equities has tripled the rent, making it impossible to pay. He plans on fighting the eviction Monday, and hopes to have it open Tuesday.

Thor Equities says the bottom line is Dreamland Park has not paid its rent.

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