By Diana Budds
Several high-profile, billionaire-backed public spaces are on the outs.
It’s the end of the line for one of New York City’s most imaginative and controversial park proposals. Developer Barry Diller announced this week that he’s killing his plan for Pier 55, a $250-million, 2.7-acre floating park he intended to build on Manhattan’s west side. “Because of the huge escalating costs and the fact it would have been a continuing controversy over the next three years I decided it was no longer viable for us to proceed,” Diller told the New York Times.