The City has reduced its funding commitment for Brooklyn Bridge Park from $55 million to $44 million, as reported by Curbed. This is likely, the article says, to increase the need for housing on park land to generate the revenues needed for the park. However, our understanding is that the City’s $55 million commitment was for capital, i.e. construction, purposes, not for operation and maintenance, which was to be funded independently, at least in part through housing.
Update: At this afternoon’s meeting of the board of directors of Brooklyn Bridge Park Corporation, board member and city Parks and Recreation Commissioner Adrian Benepe said that the it was his hope that the funds would be restored before they affected the timing or nature of the park build-out.