New York Times
Under the agreement between the city and state announced Sunday,a newly created group known as the Governors Island OperatingEntity would have primary responsibility for the future of theisland, which was a military outpost from Revolutionary War daysuntil 1995. The board of the new entity would consist of 13members, nine of whom would be appointed by the mayor.
Sunday's announcement marked the start of the approval process,which will include an interactive display of the master planstarting with the June 5 opening of the visitors' season for theisland. There will be a similar exhibit installed in the BatteryMaritime Building's waiting room in Lower Manhattan. Publiccomments received through these display will serve as feedback tohelp guide the plan through its next stages, according to arelease.
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
