Barry Diller’s $250M Floating Island In The Hudson Is Sunk

Pier 55, the performance space planned on for a floating man-made island in the Hudson River south of Midtown, was declared dead Wednesday by its chief underwriters, IAC chief Barry Diller and his wife, the clothing designer Diane von Furstenberg. Diller pulled the plug on the ambitious project – for which he had enlisted the support of producer Scott Rudin and, for artistic guidance, director George C. Wolfe –  after six years of planning, investment and a battery of…

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