Bryant Park Corporation was co-founded in 1980 by Biederman and Andrew Heiskell, Chairman of Time Inc. and the New York Public Library.
In 1988 BPC closed the park in order to undertake a four-year project to build new park entrances for increased visibility from the street, to enhance the formal French garden design (with a lush redesign by Lynden Miller), and to improve and repair paths and lighting.