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Private towers fund NYC waterfront public park

NEW YORK (AP) — Brooklyn is taking the next step toward turning New York City's most populated borough into a 21st century residential enclave — with two private towers helping fund 85 acres of public parkland set against the Manhattan skyline, officials announced Tuesday. Plans were unveiled for the last stretch of the sprawling waterfront community on the East River that already includes landscaped lawns, a promenade, playgrounds, restaurants and sports and performance venues. Completing a pioneering model of private property that pays for public space, the so-called Pier 6 project at Brooklyn Bridge Park is a joint venture of RAL Development Services and Oliver's Realty Group.

 

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