City Purchases Another Portion of Bushwick Inlet Park: Records Show
March 10, 2016
by Gywnne Hogan
GREENPOINT — The 27-acre waterfront park, promised to North Brooklyn residents by the city in 2005, is one step closer to becoming a reality.
The city finalized the purchase of a portion of the future park located at 1 N. 12th St. Wednesday, forking over $53 million to the to Bayside Oil Fuel Depot Corp., according to property records.
The newly acquired piece of land will go towards the completion of Bushwick Inlet Park, which was promised to Greenpoint and Williamsburg residents in exchange for a rezoning of the waterfront to allow for residential development. The Real Deal first reported the sale.
The city had been in talks with Bayside Oil for some time about buying the land, but tenants had to leave the site before it could be completed, a Parks Department spokeswoman previously said….