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| '''Battery Park City''' is |
'''Battery Park City''' is a 90-acre ] at the southwestern tip of ] in ]. The land upon which it sits was reclaimed from the ] using 1.2 million cubic yards of dirt and rocks excavated during the construction of the ]. The neighborhood, which is the site of the ] along with numerous housing, commercial and retail buildings, is named for adjacent ]. | ||
| Battery Park City is owned and managed by the ], a public entity that is not controlled by New York City. Excess revenues from the area are contributed to other housing efforts, typically low-income projects in the ] and ]. | Battery Park City is owned and managed by the ], a public entity that is not controlled by New York City. Excess revenues from the area are contributed to other housing efforts, typically low-income projects in the ] and ]. | ||
Revision as of 23:23, 29 January 2003
Battery Park City is a 90-acre planned community at the southwestern tip of Manhattan in New York City. The land upon which it sits was reclaimed from the Hudson river using 1.2 million cubic yards of dirt and rocks excavated during the construction of the World Trade Center. The neighborhood, which is the site of the World Financial Center along with numerous housing, commercial and retail buildings, is named for adjacent Battery Park.
Battery Park City is owned and managed by the Battery Park City Authority, a public entity that is not controlled by New York City. Excess revenues from the area are contributed to other housing efforts, typically low-income projects in the Bronx and Harlem.
History
By the late 1950s, the area upon which Battery Park City now sits was occupied by a number of dilapidated shipping piers, casualties of the rise of air transport. The initial proposal to reclaim this area through landfill was offered in the early 1960s by private firms and supported by the Mayor. This plan became complicated, as Governor Nelson Rockefeller also wanted to redevelop a part of the area as a separate project. The various groups reached a compromise, and in 1966 the governor unveiled the proposal for what would become Battery Park City. The creation of architect Wallace K. Harrison, the proposal called for a 'comprehensive community' consisting of housing, social infrastructure and light industry. In 1968, the New York State Legislature created the Battery Park City Authority (BPCA) to oversee development.
For the next several years, the BPCA made relatively swift progress. In 1969, it unveiled a master plan for the area, and in 1972 issued $200 million in bonds to fund construction efforts. By 1976 the landfill was completed; in many cases, the pre-existing piers were simply buried.
Construction efforts ground to a halt for nearly two years beginning in 1977, as a result of city-wide financial hardships. In 1979, the title to the landfill was transferred from the city to the BPCA, which financially restructured itself and created a new, more practical master plan.
The first residential building began construction in 1980, followed in 1981 with the start of construction on the World Financial Center, which saw its first tenants in 1985. Throughout the 1980s, the BPCA oversaw a great deal of construction, including the entire Rector Place neighborhood and the the river Esplanade. In the early 1990s, Battery Park City became the new home of the Stuyvesant High School. By the turn of the century, Battery Park City was mostly completed, with the exception of some ongoing construction on West Street.
The 2001 World Trade Center Attack had a major impact on Battery Park City. The area, which was already facing challenges attracting residents, was forced to deal with with negative environmental and marketing concerns as a result of its proximity to the Trade Center Site.