The former owners of Astroland, the Albert Family, sold their land to Thor Equities in late 2006. For the next two seasons, they leased the land back from Thor Equities and continued to operate the park. A lease agreement could not be reached for the 2009 season and what was Astroland closed.
In 2009, Dreamland Amusement Park, essentially a traveling carnival, was setup on the Astroland site while the details on a new operator and lease were worked out. During this time the Albert Family continued to operate the Cyclone on the adjacent city owned property as they did since the early 1970s.
The Italian ride manufacturer, Zamperla, won the bid to operate rides for 10 years on the former site of Astroland starting in 2010. Zamperla also took over the operation of the adjacent Cyclone.
In 2011, Luna Park expanded and opened a new park to it's west past Deno's Wonder Wheel Amusement Park called Scream Zone. Over time the Scream Zone name appears to have been dropped and all is simply called Luna Park today.