The Real Deal New York

Brookfield and Andrew Farkas win marina tug-of-war

Residents fought to keep duo from winning license for popular North Cove dock
January 23, 2015 10:15AM

Brookfield Property Partners and Andrew Farkas’ Island Global Yachting won a 10-year license to run the North Cove Marina in Downtown Manhattan.

Farkas is Governor Andrew Cuomo’s former boss, according to Capital New York, and donated $124,000 to the governor’s campaign. Brookfield has donated a total of $813,000 to the governor and the state Democratic party, according to the website.

The Battery Park City Authority awarded the companies the license, much to the dismay of the neighborhood’s local residents. Brookfield and Farkas Islandhave plan to invest $450,000 to upgrade the marina. [Capital NY] — Claire Moses