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

  • Tim

    Is anyone really surprised by this? On the other hand, I think IGY is a good operator.

    • comment flagged

      They may be a good operator, but from what I’ve heard the wake at their Marina in Newport, Jersey City is the worse. Despite that, it seems that people have nothing but good things to say about the Marina and how it is run:

      I’m a little surprised that MYC got the boot, given how popular it is and how much it has brought to the community, but its owner/operator has made a number of enemies over the years with the way he treats ever-cycling employees and has kicked out members–from what I have heard.

      • Guest

        “Pay to Play ” carried the day , BPCA is famous for that

  • Nigel

    It’s great news to see a new, competent operator come in. Someone who can properly maintain the property. It has seemed to have gone into disrepair. I remember mountains of stinky garbage the past few summers just sitting and baking in the sun. Not pleasant at all.

    • Guest

      You must be thrilled that there will be no Kids programs , too , eh mate

  • TalkIsCheap55

    Buh, bye. Old sailing school dock being towed away. Jan 16, 2015.