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Battery Park City is owned and managed by the Battery Park City Authority , a public corporation that is not controlled by New York City. Excess revenues from the area are contributed to other housing efforts, typically low-income projects in the Bronx and Harlem.
Battery Park City is bounded on the east by West Street, which insulates the area from the Financial District of downtown Manhattan. To the west, north and south, the area is surrounded by the tidal estuary of the Hudson River.
The development consists of roughly five major sections. Travelling north to south, the first neighborhood, aptly referred to by the BPCA as the "North Residential Neighborhood", consists largely of park, a few residential buildings, and a large hotel.
Immediately to the south lies the World Financial Center area, a complex of several commercial buildings occupied by tenants including American Express and Dow Jones & Company. The area of the Financial Center also includes a steel-and-glass greenhouse known as the Winter Garden and a large yacht harbor.
South of the World Financial Center lies the majority of Battery Park City's residential areas, in three sections: "Gateway Plaza", the "Rector Place Residential Neighborhood" and the "Battery Place Residential Neighborhood". These neighborhoods contain most of the area's residential buildings, along with park space and various types of supporting businesses ( supermarkets, restaurants, movie theatres.) Construction of residential buildings began north of the World Financial Center in the late 1990s.
By the late 1950s, the once prosperous port area of downtown Manhattan was occupied by a number of dilapidated shipping piers, casualties of the rise of air transport. The initial proposal to reclaim this area through landfill was offered in the early 1960s by private firms and supported by the Mayor. This plan became complicated when Governor Nelson RockefellerNelson Rockefeller Order 41st Vice President Term of Office December 19, 1974 January 20, 1977 Followed Gerald Ford Succeeded by Walter Mondale Date of Birth July 8, 1908 Place of Birth Bar Harbor, Maine Wife Margaretta "Happy" Rockefeller Profession Gove announced his desire to redevelop a part of the area as a separate project. The various groups reached a compromise, and in 1966Events January January 1 In a coup, Colonel Jean-Bedel Bokassa ousts president David Dacko and takes over the Central African Republic. January 2 Strike of public transportation workers in New York City ends January 13 January 3 First Acid Test at the Fil the governor unveiled the proposal for what would become Battery Park City. The creation of architect Wallace K. Harrison, the proposal called for a 'comprehensive community' consisting of housing, social infrastructure and light industry. In 1968Events Undated Booker Prize for Fiction is established by Booker plc. 1968 is known as the year of the Prague Spring and also the year of the Paris riots. The ASCII character code is standardized as ANSI Standard X3. Nauru adopt his national anthem of the, the New York State Legislature created the Battery Park City Authority (BPCA) to oversee development.
For the next several years, the BPCA made slow progress. In 1969For other uses, see Number 1969. For the movie, see 1969 (movie). Events January January 1 Australian media baron Rupert Murdoch purchases the largest selling British Sunday newspaper The News Of The World January 5 The Derry Riots leave over 100 people i, it unveiled a master plan for the area, and in 19721972 is a leap year starting on Saturday (click link for calendar). Events January events January 2 the Pierre Hotel Heist Six men rob the safety deposit boxes of the Pierre Hotel in New York City. Loot is at least $4 million January 5 President of the Un issued $200 million in bonds to fund construction efforts. By 1976 the landfill was completed; in many cases, the pre-existing piers were simply buried.
Construction efforts ground to a halt for nearly two years beginning in 1977, as a result of city-wide financial hardships. In 1979, the title to the landfill was transferred from the city to the BPCA, which financially restructured itself and created a new, more limited master plan.
Construction began on the first residential building in 1980, followed in 1981 with the start of construction on the World Financial Center, which saw its first tenants in 1985. Throughout the 1980s, the BPCA oversaw a great deal of construction, including the entire Rector Place neighborhood and the river Esplanade. In the early 1990s, Battery Park City became the new home of the Stuyvesant High School. By the turn of the century, Battery Park City was mostly completed, with the exception of some ongoing construction on West Street.
The 2001 World Trade Center Attack had a major impact on Battery Park City. More than two thirds of the area's residents fled after the adjacent Trade Center towers collapsed. Gateway Plaza, the largest of the residential buildings, was punctured by airplane parts, and the Winter Garden was severely damaged. Environmental concerns regarding dust from the Trade Center have also been a continuing source of worry. Since the attacks, much of the damage has been repaired; reduced rents and government subsidies have gone a long way to restoring residential occupancy. Despite this, the area still has a long way to go before it will be fully restored to pre-attack levels.
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