Barry Diller scraps plan to turn rotting pier into a park

Barry Diller pulled out of his plan to put $100 million into Pier 55 on the Hudson River and turn it into a magnificent park with green spaces and a large amphitheater.

A New York City billionaire with plans to put a $100 million park on a rotting Hudson River pier has pulled out of the project following a series of lawsuits. Barry Diller, who is worth $3.3 billion, wrote an email to supporters of the project to say that 'huge escalating costs' of the lawsuits made him decide to pull the plug, the New York Post reported.Diller and his wife - the famous fashion designer Diane von Furstenberg, promised the money in 2014. It would be built on a stretch of Hudso...