At the site of Pier 54 (shut down in 2011), plans arose in November 2014 for a new park designed by Heatherwick Studio and costing between $130 million and $160 million. The park, a partnership between Barry Diller and Diane von Fürstenberg's foundation, the city and state, and Hudson River Park Trust, would float completely above the water. Plans for the pier were scrapped in September 2017 due to cost overruns and lawsuits, as the budget had gone over $200 million by then. The project was revived in October 2017 as part of an agreement to finish the park.