HRPT neither approves nor denies Related Companies’ plan—more to come
Last week, the Hudson River Park Trust voted neither to adopt the Related Companies’ “Vegas-on-the-Hudson” proposal, nor to formally reject it and close out the RFP process. Similarly, they did not vote to either reject or move forward in their consideration of the Pier 40 Partnership’s proposal for a conservancy which would retain the existing recreational and parking facilities on the pier and generate income to restore the pier and support the park, as required by law.
So the good news is that the Trust has not approved the Related plan, but the bad news is they have not rejected it yet either. This in spite of the fact that the Related plan, among the many other problems with it, would require amending state legislation to grant Related a 49-year lease on the pier — 50% longer than the current 30 year limit. The Pier 40 Partnership proposal is still very much alive and in the mix, and enjoys strong support from much of the community.
GVSHP is continuing to work with the Pier 40 Partnership, other community groups, and the Pier 40 Working Group to advocate for uses on Pier 40 that would be compatible with the scale and character of the park and surrounding neighborhoods. We will let you know information about next steps as soon as it is available.