Brooklyn Bridge Park lacks the $125 million needed to complete the project. Though the City is responsible for the park's construction, the park will use proceeds from food sales and fees from the adjacent condominium complex to sustain operations and maintenance. There is concerned about the degree to which the park will remain "public" if it is dependent on private financing schemes.

The construction delays and funding shortfalls at the Brooklyn Bridge Park project exemplify the challenges municipalities face in creating of new parkland in New York City and across the country.

Brooklyn Borough President Marty Markowitz (D) announced last week in his “State of the Borough” address that the first section of the Brooklyn Bridge Park will not open until the spring. The Pier 1 Recreation Area was initially scheduled to open in 2009, and previous delays pushed the opening date to January 2010. Markowitz didn’t provide any explanation for the latest delay.

The Daily News reviews grand plans for the Brooklyn Bridge Park. The article mentions that the park design allows visitors to access the waterfront from four different locations. It also states how the park design will help shift the way people think about public space and people use park space. Lastly, the article also mentions park funding and designs for recreational activities.

The city has committed $55 million to the construction of Brooklyn Bridge Park. New York City is looking to take control of the park's development especially since the state cannot afford to at the moment. Part of the funds will be spent to continue revitalizing Pier 1 and Pier 6.

Officials from Mayor Bloomberg’s administration provided updates on Brooklyn Bridge Park. The officials stated that despite the state's lack of funding for the park, the City is still planning on completing portions of Pier 1 and 6. The City is also committed to building housing near the park.

New designs for the Brooklyn Bridge Park plaza, which would provide an entrance to the park, were released and it has been poorly received by critics. They argue that the plaza design lacks grandeur and will not live up to the great bridge and harbor that it is located in. The plaza is expected to complete by mid-2010.

The opening of Pier 1 at Brooklyn Bridge Park has been delayed to January 2010. Furthermore, the opening of Pier 6 has been postponed until spring 2010.

The Brooklyn Bridge Park Development Corporation (BBPDC) announced that Piers 1 and 6 will not open by the end of year as previously planned. Pier 1 is now expected to open in mid-January, while the completion of Pier 6 is now scheduled for the spring.

Construction on Pier 1 of Brooklyn Bridge Park began with the demolition of the vacant Cold Storage Warehouse. Housing and a low-rise hotel will be built on the site.