By June 2013, the Hudson River Park trust was in debt. A bill passed in June 2013 ended maintenance of a section of the park in Battery Park City, as well as the purchase of liability insurance, which would give $750,000 in savings to the park. However, the park was to run a $8.5 million deficit for fiscal year 2014. To further ameliorate the debt, the bill provided for the trust to make passengers pay to board sightseeing cruise ships in the park. Finally, the bill allowed the park to sell air rights across the street from the park, specifically St. John's Terminal across from Pier 40. In addition, Pier 40, which would have garnered large profits for the park, would cost more than $100 million to renovate.