Hudson River Park Trust
skip breadcrumbs| Category | Available 2008-09 |
Appropriations Recommended 2009-10 |
Change From 2008-09 |
Reappropriations Recommended 2009-10 |
|---|---|---|---|---|
| Capital Projects | 25,000,000 | 6,000,000 | -19,000,000 | 41,704,000 |
| Total | 25,000,000 | 6,000,000 | -19,000,000 | 41,704,000 |
Note: Most recent estimates as of 12/16/08.
Mission
The Hudson River Park Trust (the Trust) is a public benefit corporation established in 1998 to design, develop, and maintain the 550-acre Hudson River Park in Manhattan, which extends five miles along the Hudson River waterfront from Battery Park to 59th Street. The Trust is governed by a 13-member board: 5 members appointed by the Governor, 5 by the Mayor of New York City, and 3 by the Manhattan Borough President.
Budget Highlights
The Executive Budget recommends $11 million for the Trust. Specifically, the 2009-10 budget recommendations provide a capital advance appropriation of $6 million for New York City’s share of the project. The budget also proposes funding for new obligations of $5 million for capital projects to aid in the completion of the remaining segments of the Park to be financed through the State Environmental Protection Fund. All Trust administrative activities, including operating costs, are paid directly from a portion of the commercial lease payments and other revenues generated by businesses and activities conducted on the Park property. These receipts are deposited directly to the Trust. Additionally, the Trust has a workforce of 55 full time employees.
2009-10 Executive Budget — Agency Presentation
Hudson River Park Trust (PDF)