Governors Island is a small island in Upper New York Bay with a rich history. At a time reserved for use by colonial governors, it had been the site of various military posts prior to the closure of a US Coast Guard base there in 1996. Following many years of debate over the future use of the island (the market value of the island is estimated to be half a billion dollars), in April 2002 the Bush administration announced plans to give ownership of the island to New York State (President Clinton announced the same plan in 1995).

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Governors Island
Wikipedia encyclopedia article.
Clinton Acts to Protect Part of Governors Island
New York Times news report on the designation of national monuments on the island, including a brief recent history of plans for the island. [Free registration required.] (January 21, 2001)
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