East Side working to close the gap.

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East Side working to close the gap.

The East River Waterfront has yet to match the progress of the west. The Greenway's largest gap, between 59th and 38th Streets, has long been a source of frustration for residents, but an elaborate land deal could finance a new esplanade.

Meanwhile, the Lower East Side's Waterfront remains underfunded, and the city is seeking alternate ways of raising capital The most established development appears to be the most southern part of the waterfront, near the South Street Seaport, where construction is proceeding with federal aid.

"The entire east side has been a second sister to the...

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