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New York

Bloomberg to unveil proposal for Brooklyn Bridge Park takeover

The battle for control of Brooklyn Bridge Park is heating up, with

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Mayor Bloomberg expected to reveal a proposal for completing the
cash-strapped waterfront park which would include handing over $55 million in city

funding immediately. The unfinished park is currently $120 million shy
of necessary funding, but sources told the Daily News that the
proposal will call upon City Hall to come up with the remaining funds.
In addition, 1,200 luxury condos slated for the project could be
put on hold or canceled if the city takes over the project from the
state. “It should be a world-class waterfront park,” said Deputy Mayor
Bob Lieber. “Right now, there’s a tremendous amount of uncertainty
about the park’s future, and we’re looking for a way to get it back on
track.” [NYDN]

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Brooklyn Bridge ParkMichael Bloomberg