[IMGCAP(2)]In addition, a new request for proposals for thedevelopment of Pier 57 is to be released within the next couple ofmonths. The 300,000-sf pier at West 15th Street, a city bus garageuntil 2003, will be offered for redevelopment with uses that areallowed under the Hudson River Park Act.

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Since construction of the park began in 1999, roughly $350million in capital funds from the state and New York City and thefederal government have been used to build 10 new piers and about2.5 miles of upland park area, according to Taylor. It is thelargest recreational amenity and open space to be built inManhattan since the opening of Central Park more than 150 yearsago, she told attendees at a media briefing Thursday morning.Hudson River Park Trust is a partnership between New York State andCity charged with the design, construction, operation andmaintenance of the five-mile Hudson River Park.

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[IMGCAP(3)]Early this summer, the newest section of the park,running from Laight Street in Tribeca up to Houston Street willopen to the public, and another new public pier in Chelsea isexpected to open by the end of the year. The Tribeca section of thepark was built with $70 million in fundsobtained from the federal government through the Lower ManhattanDevelopment Corp. to assist in New York City's recovery from the9/11 attacks, as GlobeSt.com previously reported. The Tribecasection will include a playground, practice recreation field,mini-golf and snack bar, beach volleyball courts, historic ships,mooring field , skate park, basketball, comfort station, boathouseand waterside café, an estuary research center, dog run, tennis andpublic art. A mile-long waterfront esplanade will offer nativegrasses, trees and gardens, landscaped seating areas, and a seasideboardwalk. The northern half of this section will open this summer,according to Taylor.

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[IMGCAP(4)]"Commercial activities such as parking at Pier 40 andChelsea Piers Sports and Entertainment Complex generate most of thefunds needed to maintain and operate the park on an annual basis;in the future however we know that those funds will not meet ourentire fiscal need," Taylor said, which is the reason for issuing anew RFP for the development of Pier 57. "We are also hoping toconclude our review of proposed uses for a development at Pier 40in the next several months to create a mix of recreational playingfields, parking and new commercial or educational uses on that 15acre site. These two developments will help produce the moneyneeded to maintain and operate a great park well into thefuture."

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[IMGCAP(5)]As the park continues to take shape, the level offunding needed to maintain it and offer high quality programmingincreases, added Fishman. "Therefore, it is essential that we moveforward with the development of the revenue-generating commercialnodes in a way that supports the park and guarantees itsfuture."

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Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.