He said the city is now seeking an amusement developer for the acres acquired from Sitt's Thor Equities, as well as proposals for attractions.
The city purchased 6.9 acres at the heart of Coney Island from Sitt for $95.6 million, after years of tense negotiations.
Bloomberg wants to revive the historic amusement district, turning it into a year-round destination with high-rise hotels, restaurants, retail stores, movie theaters and the city's first new roller coaster since the Cyclone was built in 1927.