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Background by Common Cause

The Brooklyn Bridge Park Development Corporation (BBPDC), a subsidiary of New York State’s Empire State Development Corporation (ESDC), was created in 2002 through a Memorandum of Understanding between Governor George Pataki and Mayor Michael Bloomberg. Opening in 2010, the park has an operating budget of around $16 million per year. A 2006 General Project Plan (GPP) states that operational financing will be covered through ground-lease fees and property taxes from private residential and commercial developments. A key provision of the GPP is that private development of park space will only be permitted based on what is needed to sustain funding for the park – and not beyond.
Brooklyn Bridge Pier 6
As currently proposed, an additional development plan involving modifications to the GPP would bring affordable housing within two high-rise towers to be located on the park’s Pier 6, and allow the park’s board of directors “to determine the number and affordability of the residential units and other characteristics of the building.”
The most controversial modification to the GPP would allow the park to build the Pier 6 towers regardless of financial need. The BBPDC also has not allowed its financing plan to be made fully available to the public, and current models are nearly 10 years old.
While a number of affordable housing advocates are in favor of the plan, many local groups have strongly opposed the development, claiming that the project goes far beyond what is required to sustain the park.
Public Comment Period Open:
Since the Brooklyn Bridge Park Development Corporation is a subsidiary of Empire State Development Corporation – NY State’s economic development authority – any resident of NY State has the ability to weigh in on the merits of this project, as currently proposed. We invite you to please send all comments to the ESDC via email at to brooklynbridgepark@esd.ny.gov. The comment period ends at 5:00PM on Monday, August 31.
You can read more about both sides of the issue in the
July 31 Brooklyn Daily Eagle report.
Brooklyn Bridge Park website
Senator Daniel Squadron’s testimony opposing the project.
Susan Lerner
Executive Director
Common Cause New York
80 Broad Street, Suite 2703 | New York, NY 10004
Tel: 212.691.6421
Fax: 212.807.1809
Email: nyoffice@commoncause.org
www.commoncause.org/newyork