The city is putting on the heat, saying it’ll stop maintenance of Brooklyn Bridge park if luxury condos and a hotel aren’t built to help pay costs. Local activists and politicians are incensed, saying the city is ignoring the potential revenue that could be generated from developing the massive Jehovah’s Witness buildings along the park and waterfront. The Jehovah’s Witnesses are moving out of Brooklyn Heights and heading to upstate New York.
The park is still under construction, and it has a massive $4.2 million upkeep bill, that is $1.8 short. The city has slashed $11 million from the $55 million it said it would spend on the park.
A big part of the cost of the park has to do with bonds that were put out to pay for upgrades to the piers, and the payments on the bonds.
Read more about the squabble in the Daily News and here.