Even though Fashion Week is being held at Damrosch Park, a public park next to Lincoln Center, none of the $17.2 million IMG Fashion is paying over five years to hold the event will make it into the city's coffers. Under a deal approved by the Bloomberg administration the money is instead being diverted to Lincoln Center. (Photo: Geoffrey Croft/NYC Park Advocates) Click on image to enlarge.
As we reported yesterday, the Bloomberg administration allowed IMG fashion and Lincoln Center to destroy 56 trees and will allow an entire city park to be taken over for months annually in order to accommodate Fashion Week, private commercial event.
To add insult to injury, under a five year agreement the Bloomberg Administration is allowing Lincoln Center, a private corporation, to rent out the public park to IMG for $17.2 million over five years and keep the proceeds with nothing going to the city. In sharp contrast, the fees paid to Bryant Park to host the event in prior years went to the park.
So far the City and Lincoln Center have refused to produce the agreement or confirm the amount being paid. The City Comptroller has also been left out of the arrangement and has not been presented with the contract. - Geoffrey Croft
New York Daily News - September 11, 2010 - By Tina Moore
A Walk In The Park - September 10, 2010 - By Geoffrey Croft