Hudson River Park was created in 1997 with a cost of $330 million for 550 acres, including 13 piers and 5 miles of esplanade. The largest pier within the park, Pier 40, at Houston Street, currently has 2,200 long-term parking spaces as well as indoor and outdoor athletic fields. At least half of the 12 million square feet that make up Pier 40 is designated parkland, with the rest committed to compatible park and commercial uses. More than three decades since the plan was completed, the park is a valuable resource to area residents and visitors.