In February, the futuristic Pier 55 floating park planned for the Meatpacking District moved forward with a lease deal between the Hudson River Park Trust and a nonprofit group controlled by Barry Diller, the billionaire media mogul who pledged $130 million back in November to fund the $151.8 million park. Diller is allocating the funds through the Diller-von Furstenberg Family Foundation (his wife is fashion designer Diane von Furstenberg), but under the agreement he can pull his support if he feels renovations at neighboring piers aren’t up to par. And according to DNAinfo, the city’s backup plan in this event is quite underwhelming, completely scratching the floating island and creating a $30 million park similar to others along Hudson River Park.
Diller-von Furstenberg Family Foundation
Floating space in New York’s waterways is not a new concept. Take the +Pool, for example, the public pool proposed for the East River that was recently supported by Kanye West. But a new offshore park proposed for the Hudson River off 14th Street seems exceedingly ambitious, as it would cost $170 million, be located 186 feet off land, and contain wooded nooks and three performance venues including an amphitheater.
Barry Diller, sponsor-to-be of this ambitious plan, gives the project a much more realistic outlook. The billionaire chairman of IAC/InterActiveCorp, former head of Paramount Pictures and Fox–and husband to Diane von Furstenberg–was the single largest donor to the High Line. He’s pledged $130 million from the Diller-von Furstenberg Family Foundation to make the 2.7-acre park a realty, as well as agreed to run the outdoor space and cover operating expenses for 20 years. He and his wife have starchitect-designed offices in the Meatpacking District and are clearly becoming king and queen of the neighborhood.