The coaster operated for more than four decades before it began to deteriorate, and by the early 1970s the city planned to scrap the ride. On June 18, 1975, Dewey and Jerome Albert, owners of the adjacent Astroland amusement park, entered into an agreement with New York City to operate the ride. The roller coaster was refurbished in the 1974 off-season, and reopened on July 3, 1975. Astroland Park continued to invest millions of dollars in the upkeep of the Cyclone. After Astroland closed in 2008, Cyclone Coasters president Carol Hill Albert continued to operate it under a lease agreement with the city. In 2011, Luna Park took over operation of the Cyclone.