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Article: Culture vultures will flock to 'new' Governors Island.
- Article from:
- Real Estate Weekly
- Article date:
- April 21, 2004
- Author:
CopyrightCOPYRIGHT 2004 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The future of an island steeped deeply in historic tradition is still wide open, but the president of the Governors Island acquiring entity has made it clear that it will be put to productive cultural use. James F. Lima, president of the Governors Island Preservation and Education Corporation, said the island's planning will continue with limited activity taking place over the summer.
Lima spoke before a gathering of the Association of Real Estate Women at the Harvard Club last week.
The island, which was used by the U.S. Coast Guard until 1997, was sold by the federal government to New York City for $1 in January 2003. Planning for the island is ...