Comptroller: Brooklyn Bridge Park might be able to issue bonds instead of building at Pier 6
Park officials say development necessary
The New York City Comptroller’s Office said that the Brooklyn Bridge Park Corporation (BBPC) may be able to issue tax-exempt bonds through a conduit agency to finance capital improvements.
Advocates say the use of bonds could conceivably eliminate the need to build two residential towers uplands of Pier 6, a project that has generated much controversy.
Opponents of the Pier 6 project say that the development would place an added burden on already overcrowded streets, schools and other infrastructure. They want to use the development site for parkland instead, and envision a more inviting Atlantic Avenue entrance there.