Pier 55 Project's End Surprises the Lawyers Involved
Mogul Barry Diller's decision to end his quest to build a $250 million floating island in the Hudson River after lengthy litigation surprised even the lawyers on both sides. Diller cited the escalating costs.
September 14, 2017 at 04:02 PM
3 minute read
Barry Diller's decision to pull the plug on a $250 million deal to rehab and create a new landmark along the Manhattan waterfront has taken even the lawyers by surprise.
“Quite frankly, I'm not clear as to the real causes of his decision,” said Richard Emery, a founding partner of Emery Celli Brinckerhoff & Abady, who represented the City Club of New York, which had been opposed to the project.
Plans for the project, Pier 55—a 2.75 acre, elevated platform park—had been the subject of many rounds of litigation. In March, a federal judge vacated a permit issued by the U.S. Army Corps of Engineers. The City Club sued the U.S. Army Corps of Engineers in 2015, Matter of City Club of New York v. Hudson River Park Trust, 101068/15, claiming that Pier 55 was located within a “special aquatic site.”
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