The slim chance that the 85-acre Brooklyn Bridge Park might be completed anytime soon is getting slimmer. A committee responsible for identifying ways to cover the estimated $16 million a year needed to maintain the space faces a deadline in a month, and how it will accomplish the goal is unclear.
“If we don't have a financial model, we won't be able to proceed with construction,” said Regina Myer, president of the Brooklyn Bridge Park Corp., the nonprofit charged with planning, building and maintaining the park.
The city, which assumed control of the project from the state last year, will contribute about $50 million more toward completing the park only if it can reach an agreement with BBPC on a program for self-sustained funding.
The initial plan calls for building six residential properties with a total of as many as 1,300 units, most of them along the edge of the 1.3-mile waterfront park. Residents would pay for the benefit with what amounts to a surcharge, which would help maintain the park at their doorstep.
Why did we take over this extremely expensive project without first having a way to pay for it? Why is the City denying other neighborhoods park space but prioritizing one that they'll never be able to maintain? Sounds like another High Line boondoggle.