City and state officials have agreed on a $73 million plan to close a gaping hole in the East River’s greenway between East 38th and 60th streets, setting up the United Nations to buy the space in order to provide the city with a waterfront esplanade, the mayor announced Wednesday.
“Today’s agreement puts in place a critical missing link ... that will make the waterfront a resource for the whole city to enjoy,” said Mayor Michael Bloomberg.
Under the deal, which closes up the last empty space in the 32-mile greenway around Manhattan, a development corporation for the U.N. will pay the city for the area then build a new office tower there. The money would then be used to finance the esplanade.
The deal now goes to the U.N. for approval.
Follow reporter Tim Herrera on Twitter: @tim_herrera