 In June 1975 Astroland was chosen to be the new operator of the Cyclone, the famous wooden roller coaster, which stood on Parks Department land.On July 12, 1975, an early-morning fire wiped out much of the park, but they were able to rebuild.On November 28, 2006, Astroland was sold by the Albert family for US $30 million to Thor Equities, which planned to redevelop the area as a $1.5 billion year-round resort.