A newly released engineering report determines that it will cost over $104 million and take upwards of ten years to repair the west side's deeply compromised Pier 40. The report, commissioned by the Hudson River Park Trust and combed through by Crain's, claims that more than half of the 14-acre pier's pilings are damaged and that, to avoid something downright bad, work on shoring up the structure should begin immediately.
The plan to finance the pier's overhaul with the sale of its air rights is still in place, but is moving forward glacially. In order to see the transfer to neighboring St. John's Terminal through, the city needs to create a special zoning district. The plans for St. John's Terminal still need to pass through the public review process.
· Hudson River Park's Pier 40 Needs $104M Rehab, Report Says [Crain's]
· All Pier 40 coverage [Curbed]