Barry Diller and fashion designer wife, Diane von Furstenberg, announced plans to build a floating park off the Hudson River shoreline, as reported by the New York Time. The proposed size will be the length of two football fields with 3 performing arts centers and an amphitheater.
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The price of the project is an estimated $170 million, $130 million to come from Diller and the remaining funded by New York City, the state of New York and the Hudson River Park Trust. It is not certain whether the project will be approved by Army Corps of Engineers and the Department of Environmental conservation.
Diller, CEO of IAC/Interactive Group and former head of Paramount Pictures and Fox, said, “I have always loved public places. It is entirely my fault that this has become so ambitious. We will fail in our ambition, outsized or whatever it may be, if this doesn’t feel completely like a park and completely like a performance space.”
