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A Billionaire Couple Is Funding a Massive Floating Park in NYC

Entertainment industry mogul Barry Diller and his fashion-designer wife Diane von Furstenberg think New York City needs some Venice-style flare, announcing that “the time has come to properly honor its waterways.” The billionaire couple is funding a $130 million floating park to be known as Pier55, that according to CNN Money “will feature a mix of green spaces and performance venues. It’s billed as a place where people can take in a concert or a play, or simply have lunch or lay in the grass.” Construction on the new park will kick off in 2016 …

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