NYC sees dollar signs in 'waterfalls' By Johanna Jainchill / June 27, 2008 Share 1 -- NEW YORK -- Danish artist Olafur Eliasson’s “New York City Waterfalls” opened here on Thursday to crowds lining the Brooklyn and Manhattan waterfronts for views of the four "waterfalls" cascading along the East River (left photo, a waterfall at Pier 35 in Manhattan).The public art installation was introduced at the city's South Street Seaport by Mayor Michael Bloomberg. The $15.5 million project is expected to bring in $55 million in tourist revenue to the city while it is on display through Oct. 13.Hotels, restaurants and boat tour companies are betting on the four 90- to 120-foot-tall waterfalls by offering many variations of waterfall viewing packages. Up-close, dedicated boat rides for waterfall viewing have been organized by Manhattan's Circle Line Sightseeing Cruises and Circle Line Downtown.Circle Line Downtown is offering free tickets to the see the falls for the first three weeks it is open, and will have audio commentary by Eliasson.Circle Line Sightseeing Cruises will sail by the waterfalls on all of its daily sailings, which last two to three hours. The company is also offering private waterfall cruises in conjunction with luxury hotel packages. These upscale packages will include a three-hour private cruise of the falls and range from $10,000 to $50,000.Tourists can also take the free Governors Island Ferry, which will run every Friday, Saturday and Sunday for the length of the project, and the free Staten Island Ferry all day every day, for partial viewing of the falls.More viewing information can be found at nycvisit.com/waterfalls.