As of the 1860s, New York City's piers and wharves were the city government's most valuable assets, valued at $15.8 million in 1867, despite in many cases, badly needing repair. Due to the piers' poor state of repair, steamboat companies left to other nearby cities such as
Hoboken and
Jersey City. As of 1866, the
New York State Legislature appropriated funds to repair and maintain the piers, but the appropriations failed to receive the Governor's approval and the piers were left to decay and pier and tenants of other port structures began witholding rents, estimated at $100,000 as 1867, due to the city's negligence in keeping the structures in repair. A report ordered by the city government subsequent to such development found that several of the piers owned by the city had been claimed to be under private ownership. At some point, the piers in Manhattan along both the North and East rivers were renumbered and rebuilt as part of a modernization scheme. By the 1980s, Manhattan's Hudson River waterfront had become deindustrialized and largely derelict. Established in 1998,
Hudson River Park, absorbed direction of numerous of the river's piers. ==List of North River Piers Pre-Renumbering==