The draft plan opposes new structures on waterfront land except for those related to park use.
Thomas Moore was granted waterfront land that is now part of the park.
He said it did not make economic sense to acquire such high-priced waterfront land for affordable housing.
Large private beach clubs on waterfront land are fading out as they grow economically marginal.
Irvington has 23 acres of waterfront land between the railroad tracks and the river.
Because of development restrictions, there is virtually no vacant waterfront land.
The only exclusivity is in the price of houses, due to the value of waterfront land.
Despite this, it is unclear which agency has the mandate to control the waterfront lands.
But it also has 3.4 acres of vacant waterfront land, the old Mitchell property, that needs to be developed.
"It was worth it for the waterfront land alone," he said.