City and State of New York announce agreement on Governors Island

Mayor Michael R. Bloomberg, Governor David A. Paterson, Assembly Speaker Sheldon Silver and State Senator Daniel L. Squadron today announced an agreement on the long-term development, funding and governance of Governors Island in which New York City will have primary responsibility to develop and operate the island.

As a part of the announcement the City and the State together released the Governors Island Park and Public Space Master Plan, a comprehensive design for 87 acres of open green space, rejuvenating existing landscapes in the National Historic District, transforming the southern half of the island and creating a 2.2 mile Great Promenade along the waterfront.