Barry Diller on why he funded NYC's new floating public park, Little Island

New York City has opened a new floating park called Little Island, which is located on the Hudson River on Manhattan's west side. Business mogul Barry Diller and his wife fashion designer Diane von Furstenberg have funded the majority of the project and has committed around $160 million to help with maintaining it over the next 20 years. Diller spoke with CNBC on Friday about why he wanted to take on the project. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

Diller’s CNBC interview Friday took place on the newly opened Little Island, located on the Hudson River on Manhattan’s West Side.

The $260 million, 2.4-acre park — a decade in the making and, at one point, briefly called off — was mostly funded by Diller and his family foundation with his wife, fashion designer Diane von Furstenberg.

Diller has committed around $160 million to help with maintaining Little Island for the next 20 years. New York City also contributed public money for the project.”

The design was a collaboration between MNLA, a New York landscape architecture firm and Heatherwick Studio, the London-based firm founded by Thomas Heatherwick, who also was behind the Vessel at Hudson Yards in Manhattan. Heatherwick also designed the Olympic Cauldron for the 2012 games in London.

Asked how much more Little Island cost than he originally thought, Diller said, “I would settle for double.”

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