THe $3.3 billion plan is a very ambitious one indeed, to be exercised over the next three years.
According to Bloomberg:
"New York City has more miles of waterfront than Seattle, San Francisco, Chicago, and Portland combined. So our water and shore line is really like a sixth borough," the mayor told reporters gathered in Brooklyn Bridge Park, with sweeping views of Manhattan behind him. Earlier, he described the efforts as "one of the most sweeping transformations of any urban waterfront in the world."