Plans Weighed for Pier 40

REPORTER: The Related Companies wants to build a permanent home for Cirque du Soleil on the Houston Street Pier.

But, Greenwich Village parents have countered with their own plan to keep the pier pretty much as it is - only adding an art gallery and parking spaces that are there now.

The Hudson River Park Trust meets today and may vote on the proposals.

Chairwoman Diana Taylor spoke on The Brian Lehrer Show earlier this week about the parents' proposal.

TAYLOR: They have put together what is really a very nice plan. But it's going to cost a lot of money and you have to get that money back somehow.

REPORTER: The parents group has promised to raise $30 million in private donations.