There's many ways to provide and manage public open space in the inner city.
New York seems to have thought up several different ways. Have a look at this article, which talks about how the city has reclaimed an abandoned, above ground railway line (Like Chicago's Elevated Line) for public parkland.
http://cityroom.blogs.nytimes.com/2010/12/19/high-lines-next-phase-less-glitz-more-intimacy/
I was also impressed with Bryant Park, which is in behind the New York Library [http://www.bryantpark.org]. The management structure for the park is unusual. The Park is owned by New York City, but is run by a not-for-profit, private management company, which seems to mostly comprise local enighbours. This gives management flexibility in the types of uses allowed on-site, but presumably should prevent over-commercialisation to the point that residential amenity is impacted. The park includes everything from open lawn to a free library, where anyone (including children) can sit down and read a book for a while. What a great idea! It's also an exemplar of active private philanthropy. I hope I get the opportunity to visit again.
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