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Old Posted Mar 28, 2008, 9:27 AM
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http://www.nypost.com/seven/03282008...xed_103863.htm

PIER 40 PLAN DEEP-SIXED

By TOM TOPOUSIS
March 28, 2008

Hudson River Park officials yesterday shelved a controversial plan to build a $625 million performing-arts complex - including a home for Cirque du Soleil - on Manhattan's decaying Pier 40.

The center, proposed by The Related Companies, was one of two bids to redevelop the pier for public-recreation and commercial uses that would rehabilitate the 14-acre structure and generate cash for the park.

Diana Taylor, who chairs the Hudson River Park Trust, told the park's board that growing problems with cracking concrete inside the pier structure had already forced two tenants to relocate and may soon restrict some of the commercial parking.

Related's plan, while opposed by community groups that use Pier 40 for its soccer and baseball fields, was the most financially viable, but the proposal required a 49-year lease, and state law establishing the park permits leases only as long as 30 years.

Taylor said a second bidder, the Camp Group, wants to use the pier for a day camp and recreational facility for children.
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