Only a little over decade ago, Governors Island was a sleepy coast guard base just a stone’s throw from Lower Manhattan, but it has since become a destination for New Yorkers offering a slew of recreational activities, events, and new park land. Now the idyllic island could be populated by a new hotel along with restaurants, retail, and other commercial development.
Colonels’ Row on Governors Island (Courtesy of the Trust for Governors Island)
Crain’s reported that City Council will vote tomorrow on a zoning change that would allow 40 historic buildings—that make up 1.2 million square feet on the island—to be used for commercial activity. The revenue generated from commercial development would help with upkeep and day-to-day operations of the island, which so far has been paid for by the city. In December, the Trust for Governors Island issued a request for proposals asking developers to submit ideas for the 40 structures that could provide a range of uses and services.