Times and Tides Weigh on Hudson River Park

Times and Tides Weigh on Hudson River Park

In Hudson River Park near West 12th Street, above. The park, which stretches five miles along the Manhattan waterfront, is now 70 percent complete. // Librado Romero/The New York Times

[quote]…And Hudson River Park, which stretches five miles along the Manhattan waterfront from Battery Place to 59th Street, has succeeded in drawing millions of visitors and billions of dollars in development to the West Side. But it now finds its future in doubt.
Capital funds from the city and state have fallen to just $7 million from a high of $42 million in 2008, because of the recession. Meanwhile, two of the park’s planned revenue-producing commercial piers have yet to be developed, leaving the Hudson River Park Trust, which runs the park, short of the money it needs for routine maintenance.

Adding to its woes: A lawsuit filed in November by the owners of Chelsea Piers, the sports and entertainment complex, which leases three piers from 17th to 23rd Street from the trust. The suit seeks to force the trust, and by extension taxpayers, to spend “at least $37.5 million” repairing damage its piers have sustained over the past two decades from small marine borers known as gribbles and teredos.[/quote]

[box type=”info”]Read: Times and Tides Weigh on Hudson River Park – Source: The New York Times[/box]

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