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New York City has a multimillion-dollar backup plan if Barry Diller pulls out of his island project

Diller’s park, to be re-dubbed Pier55, would be a 2.4-acre futuristic confection designed by British architect Thomas Heatherwick.

BARRY DILLER See the new $170 million island park planne


Billionaire media mogul Barry Diller plans to build a $151 million island oasis in Hudson River Park — if the group that runs the park meets his demands to revitalize nearby dormant space along the waterfront.

Under a lease inked with the Hudson River Park Trust, Diller has the right to pull his money from the project at Pier 54 if overhauls at neighboring piers don’t meet his satisfaction.

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