Brooklyn Bridge Park lacks the $125 million needed to complete the project. Though the City is responsible for the park's construction, the park will use proceeds from food sales and fees from the adjacent condominium complex to sustain operations and maintenance. There is concerned about the degree to which the park will remain "public" if it is dependent on private financing schemes.

Darryl Greene, a partner of the Aqueduct Entertainment Group (AEG), left the group as a result of over $1 million in back taxes owed to the state by companies with which he is associated. This announcement does not bear favorably on AEG's public perception, given recent claims that it won the Aqueduct bid as a result of political ties.

Governor Paterson, along with creditors, decided to extend a combined $6 million loan to St. Vincent's Hospital. Additionally, the hospital received a loan last week from the state, GE capital and TD Bank, totaling $8 million. This line of credit is designed to meet meet payroll and supply expenses. St. Vincent's Hospital is currently $700 million in debt.

Residents of Stuyvesant Town and Peter Cooper Village have voiced concerns over the past practices of some of the possible new managers and owners for the housing complex. One leading candidate, LeFrak Organization, struck a deal with Attorney General Andrew Cuomo’s office in 2007, following allegations of bias against tenants holding Section 8 vouchers at an Elmhurst, Queens complex.

The construction delays and funding shortfalls at the Brooklyn Bridge Park project exemplify the challenges municipalities face in creating of new parkland in New York City and across the country.