This Is The Gorgeous, Futuristic $130 Million Floating Park Barry Diller Is Building In The Hudson River

IAC chairman (and billionaire) Barry Diller announced earlier this year that he and his wife are funding $US130 million of a $US170 million floating park in the Hudson River called Pier 55.

On stage at Business Insider’s Ignition conference, Diller said that he feels lucky to be part of such an ambitious project.

The park will be built 186 feet off the Hudson River shoreline, near 14th Street in New York City.

It will be supported by 300 mushroom-shaped concrete columns ('Not the kind of mushrooms you probably hope,' Diller joked to Business Insider CEO Henry Blodget).

'We've been plotting this for almost two years,' Diller says. 'It will take us another four years to actually build it.'

Pier 55.

The park will have gardens, wandering paths, and a 700-seat amphitheater.

'It will be a performance place for every kind of discipline of music, spoken theatre, ballet, orchestra,' Diller says.

He says he feels lucky to be working on it.

The $113 million pledge by Diller and his wife, fashion designer Diane von Furstenberg, is the largest private donation to a public park in New York City history.

The new pier was designed by Heatherwick Studio in collaboration with landscape architect Signe Nielsen.

Now, check out another gorgeous innovation...

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at