Battery Park City is a special place, and superlatives have come easily to those who have written about it. It is one of the most significant "new towns" ever built in America, constructed by private developers on landfill, with an infrastructure inanced by the sale of bonds by a state-created public benefit corporation.Its successful mix of attractive office and residential buildings has been the major contributor to the revitalization of New York City's downtown. It's also paid off literally. The Battery Park City Authority, the public benefit corporation that was the driving force behind the entire development is in the black and, indeed, generates more than $100 million a year in profit.
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