Two years of negotiations between the city and the Hunts Point Terminal Produce Market over a new 30-year lease and a revamped facility have led to a dead end and a lawsuit. The two sides agree on only one point: They are at an impasse.
The last time any meaningful discussion took place between the market and the city, which owns the land at the 113-acre site, was in January. That's when the market, operated by 41 merchants who are part of a cooperative, rejected the city's offer to extend its lease by 10 years while it continued to work on a deal to renovate the 46-year-old facility, home to the world's largest wholesale produce market.
"I'm not sure either party thinks there is any progress that can be made with further talks; the deal fell apart," said Matthew D'Arrigo, co-president of the cooperative, who is pinning his hopes on a new City Hall administration.
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