New York City Mayor Michael Bloomberg announced Wednesday that a deal has been reached that could give the city the money it needs to complete a greenway around Manhattan.
Bloomberg called it "a once in a generation opportunity."
Under the agreement, which has yet to be signed, the United Nations would pay $73 million for part of Robert Moses Playground on First Avenue between 41st and 42nd streets. The U.N. has had a long standing desire to consolidate its offices and build a new building connected to its existing campus.
The money from the deal would be used to complete the gap that runs on the east side from 38th Street to 60th Street and complete the 32-mile path around Manhattan.
Mayor Bloomberg said, "Today's agreement puts in place a critical missing link — the last major gap in the Manhattan Greenway — that will make the waterfront a resource for the whole City to enjoy. This win-win deal allows one of the City’s largest employers to grow, thrive and create more jobs."
There are several steps that need to be met before the deal can be completed, including having the U.N. meet all conditions and state approval.
According to the city, the project will increase the overall open space in the area by 130,000 square feet. Completion of the greenway has been a goal since the Dinkins Administration.
With the Associated Press