New York City Bryant Park Corporation

The South Downtown Waterfront Initiative guidelines recommend an arms-length development corporation and a charter to guide its activities. There are numerous examples of this approach, some mentioned in the document. Here's an example of a development corporation in New York City which revitalized Bryant Park.  Bryant Park Corporation (BPC) is a not-for-profit, private management company and a cooperating business improvement district of neighboring property owners.  Bryant Park | Company Overview