From the Daily News:
A vacant Jamaica Bay property originally tabbed for private developments is slated to be transformed into the borough's newest waterfront park.
The 1.2-acre site along Beach 88 St. near the Cross Bay Bridge, will offer a range of activities to the public such as picnicking, fishing and boating.
The property was snapped up by the Trust for Public Land, a national nonprofit group that specializes in land conservation, for $1.925 million, more than $1 million less than its market price, according to the owners.
"We basically purchased and donated the property within five minutes," says Matt Shaffer, assistant director of marketing services for the nonprofit group. Funding by the Port Authority of New York and New Jersey allowed the Trust to give the property to the city for the park's construction set to begin in Spring.
Hudson Companies LLC, the original owners, planned to build 20 single-family homes on the waterfront property sometime in the next year, said Alan Ball, an owner of Hudson Companies.
"We had no debt on the property, and we could have held on to it pretty easily, so we said we might as well cut bait and move on," he said. "Moving this project to the Trust for Public Land was a very good thing to do."
The addition of the waterside park would bring much-needed parkland and open space to the Jamaica Bay area, which some environmental activists say is being overdeveloped.