Barry Diller on the challenges to build New York City's 'Little Island'

New York City opened its first ever floating park called "Little Island" on Friday. The park took more than five years to build and was funded by donations from the foundation headed up by Barry Diller, IAC and Expedia chairman, and fashion designer Diane von Furstenberg. Diller joined CNBC's Andrew Ross Sorkin on the island to discuss 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.”

» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic

Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.

The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-n...

Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC

https://www.cnbc.com/select/best-cred...

#CNBC
#CNBCTV