ately ▁are ▁not ▁required ▁to ▁build ▁a ▁walk way ▁until ▁the ▁land ▁is ▁re - develop ed . ▁ ▁The ▁Hob oken ▁Park s ▁In iti ative ▁is ▁a ▁municipal ▁plan ▁to ▁create ▁more ▁public ▁open ▁spaces ▁in ▁the ▁city ▁using ▁a ▁variety ▁of ▁finan cing ▁schemes ▁including ▁contributions ▁from ▁and ▁z oning ▁trade - offs ▁with ▁private ▁developers , ▁New ▁Jersey ▁State ▁Green ▁Ac res ▁funds , ▁and ▁other ▁government ▁gr ants . ▁It ▁is ▁source ▁of ▁controvers y ▁with ▁various ▁civ ic ▁groups ▁and ▁the ▁city ▁government . ▁Among ▁the ▁proposed ▁projects , ▁the ▁only ▁one ▁to ▁that ▁has ▁yet ▁material ized ▁is ▁at ▁Max well ▁Place , ▁whose ▁developer ▁is ▁oblig ated ▁to ▁build ▁a ▁public ▁prom en ade ▁on ▁the ▁river . ▁The ▁par ks ▁that ▁are ▁planned ▁to ▁be ▁built ▁are ▁Hob oken ▁Island , ▁Pier ▁C , ▁ 1 6 0 0 ▁Park ▁Avenue , ▁Hob oken ▁C ove , ▁ 1 6 th ▁Street ▁Pier , ▁Green ▁B elt ▁Walk way ▁and ▁Upper ▁West ▁Side ▁Park . ▁ ▁Arts ▁and ▁culture ▁ ▁Since ▁ 1 9 9 2 , ▁the ▁Hudson ▁Shakespeare ▁Company ▁has ▁been ▁the ▁resident ▁Shakespeare ▁Festival ▁of ▁Hudson ▁County ▁performing ▁a ▁free ▁Shakespeare ▁production ▁for ▁each ▁month ▁of ▁the ▁summer . ▁Since ▁ 1 9 9 8 , ▁the ▁group ▁has ▁performed ▁" Sh akespe are ▁Mond ays " ▁at ▁Frank ▁Sin atra ▁Park ▁( 4 1 0 ▁Frank ▁Sin atra ▁Drive ) ▁as ▁part ▁of ▁their ▁annual ▁Shakespeare ▁in ▁the ▁Park ▁tour