NYC poised to develop Governor's Island

The News Leader

June 28, 2011 4:57:55 AM PDT
New York City is poised to commit $260 million to develop Governor's Island, according to The Wall Street Journal.

Last year, more than 400,000 visitors trekked to the island, which is only open 58 days a year.

Governor's Island's success could hinge on whether it can draw a big school or another major tenant to the island.