The Hudson River Park Trust is seeking $57 million from the federal stimulus package to repair Pier 40, the crumbling structure that has for years failed to attract a developer.
Connie Fishman, president of the Trust, said it would be easier to entice a developer if the pier didn’t require so many costly repairs. However, the Trust, which rejected a development proposal last October, has no immediate plans to seek new ideas for the 14-acre site.
Yes, this is exactly what we should spend stimulus money on. Close the hospitals which would have cost $36M and open up the coffers for a $57M rehab of a pier that will not likely attract a developer for a decade or so and for which there is no vision.