Mayor Bloomberg announced that $30 million from the Javits Center expansion project will help fund the City's construction of the 172-acre Brooklyn Bridge Park. The City will pay $55 million out of the $120 million needed to complete the park.

On Wednesday, March 10, New York State Supreme Court Justice Marcy Friedman ruled that the Empire State Development Corporation did not break the law by changing its development and payment plans for the Vanderbilt rail yards in 2009. Justice Friedman, however, noted that the Empire State Development Corporation should have been more transparent about their development plans.

In an opinion-editorial in The New York Times , Mayor Bloomberg and Assembly Speaker Sheldon Silver (D), urge WTC developer Larry Silverstein and the Port Authority of New York and New Jersey to reach a compromise over the financing of Mr. Silverstein's two towers. Mayor Bloomberg and Speaker Silver propose that Mr.

New York City and New York State have agreed to allow the city to complete the construction of Brooklyn Bridge Park. The two entities have been at odds regarding control of the park for several months. For the next fiscal year, the city is committing $55 million to the project and the state will continue to be involved in shaping the park. No opening date has been set for the park.

After appearing together at a rally on Tuesday, Developer Larry Silverstein and the Port Authority of New York and New Jersey continue to disagree about how to more forward with development at the WTC site. Silverstein expressed his desire to begin building. The Port Authority claims that Silverstein has not secured financing or prospective tenants for the buildings.