A bill that would pave the way for office buildings on Hudson River Park's Pier 40 is waiting on Governor Andrew Cuomo's sign-off before the end of the year.

Cuomo has until December 31st to sign legislation that would allow for the Hudson River Park Trust to find a developer to build office space on the west side pier—a controversial move that the Trust hopes would raise cash for the pier and the four-miles worth of waterfront park as a whole. Possible development on the pier, home to beloved sports fields, has been a flashpoint for the Greenwich Village neighborhood for more than a decade.

While acknowledging the Trust's funding needs, some residents remain opposed to the proposed office development, which would replace existing parking garages.

"Community Board 2 didn't see how office use works in a park by a river," Dan Miller, a board member on the board's Pier 40 working group. "We all agree that we have to find resources for the park to exist but we just didn't think an office was the best mechanism for that."

Under the legislation, a developer could build up to a height of 88 feet, not including mechanical equipment, with some 700,000 square feet of space under a 49-year lease. The development would have to retain 320,000 square feet of ballfields, and consider re-adapting the existing structures, long used as parking garages.

"I would be happy for Pier 40 to just be park space for active & passive recreation, but that requires more city & state support," said Assemblymember Deborah Glick, who, despite believing more government funding is needed, sponsored the legislation with State Senator Brian Kavanagh.

A rep for Kavanagh did not respond to a request for comment.

The office buildings could raise some $12.5 million in funds a year, the Trust has estimated. The pier is known to flood regularly, and renovating the piles has cost some $100 million already.

"It's a shame that we have this gem, this massive open space—the only large open space in our entire area—and we're letting it decay," Miller said. "Personally, I think doing something is better than nothing. ... No one wants to see another failed (requests for proposal)."

But West Village Democratic district leader and lawyer Arthur Schwartz has already said he plans to sue.

Schwartz, who sued the city in an attempt to stop the 14th Street busway this year, told Gothamist he "will look at every means to block legislation if Cuomo signs it," noting the 1998 legislation that created the park permitted specific commercial uses in the park. In the late '90s, Schwartz sued to secure the recreation space at Pier 40 that exists today. The act allows for specific commercial uses throughout the park, including at Pier 40 and Pier 57, but the original law does not allow for office space on the Greenwich Village pier, which is what this amendment seeks to change.

A spokesperson for Hudson River Park declined to comment. Cuomo spokesperson Jordan Levine said the legislation is among the few dozen bills that "remain under review."

If Cuomo doesn't the legislation, it would effectively act as a veto since the state legislature is currently out of session.

If Cuomo signs off, the Trust would select a developer through a solicitation process, and then the project would have to wind its way through the city's Uniform Land Use Review Procedure. Under ULURP, City Council Speaker Corey Johnson, who currently represents the area, would have leverage over the project's in a City Council vote. A Johnson spokesperson confirmed the Speaker supports the legislation.

CORRECTION: A previous version of this article stated Pier 40's only permitted commercial use is parking. Hudson River Park, including Pier 40, has a variety of permitted commercial uses, which were expanded in 2013. Those are: entertainment, retail, restaurant, broadcast, television, or film or media studio facility, commercial recreational use, commercial amusements, performing arts, schools and educational facilities.