Construction is expected to begin in spring 2016, with a completion expected in fall 2017.
The new design must still be approved by Brooklyn Bridge Park’s board of directors and by Empire State Development.
A public hearing on the proposed modifications will be held in late July, incorporating a written comment period, followed by two more public meetings.
The project would be built with union labor under an expected project labor agreement between the developers and the Building and Construction Trades Council of Greater New York.
“Today’s recommendation marks the culmination of a decade-long effort to solidify Brooklyn Bridge Park’s long-term financial stability,” Regina Myer, president of Brooklyn Bridge Park, said.
Brooklyn Bridge Park Corp. was established in 2002 with a mandate to generate revenue to cover the maintenance costs of the larger park and make it self sustaining.
The plan called for revenue to come from developments on sites at the edges of the park project.
Pier 6 is the final development site and, over the course of the proposed 94-year lease, fixed payments from the project are projected to result in $118 million of net present value to fund park maintenance and operations.
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