Billionaire Barry Diller has plans to build a $250 million floating park in New York City, and the designs look incredible

Business Insider

Pier55 Inc/Heatherwick Studio

A rendering of the proposed floating park, called Diller Island, in Manhattan, New York.

Media mogul Barry Diller's plans to build a floating public park on a Manhattan pier are moving forward.

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Diller unveiled the project, dubbed Diller Island, in 2014. But his plans have had some hiccups. Over the past three years, costs have soared from $35 million to $250 million; and the civic group City Club of New York filed a series of environmental lawsuits, funded by real estate tycoon Douglas Durst, to scuttle Diller Island's construction.

Diller pulled the plug in September 2017. But the project has now been revived after New York Governor Andrew Cuomo persuaded all parties to come to a consensus on the park's design, according to The New York Times.

Check it out below.