Located on the Hudson River at 15th Street, Pier 57 contains300,000 sf of built space, and could soon house a mix ofrestaurant, retail, recreational, educational and culturalfacilities as well as other commercial ventures. Through the RFP,HRPT--the not-for-profit entity that is responsible for the design,construction, maintenance and operation of the 550-acre waterfrontpark--is seeking the participation of private developers interestedin redeveloping the pier consistent with the Hudson River Park Act,which allows the pier to be reused for revenue generatingcommercial facilities that enhance the park.
Since construction of the five-mile Hudson River Park began in1999, roughly $350 million in capital funds from the state and NewYork City and the federal government have been used to build 10 newpiers and about 2.5 miles of upland park area. At a media briefingin May, HRPT chair Diana Taylor, said that although "commercialactivities such as parking at Pier 40 and Chelsea Piers Sports andEntertainment Complex generate most of the funds needed to maintainand operate the park on an annual basis; in the future however weknow that those funds will not meet our entire fiscal need." Shesaid that that was the reason for issuing a new RFP for thedevelopment of Pier 57, adding that that, along with development ofPier 40 will help produce the money needed to maintain and operatea "great park well into the future."
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