Hunts Point Terminal Produce Market today called a news report wrong that said a tentative deal had been reached for the market to stay in New York City, rather than move to New Jersey.
“At our board meeting on Tuesday, January 8th, our board voted to reject an offer from the City of New York to modify the current lease extension terms at our location in the Bronx. A Crains.com story from Tuesday afternoon has incorrectly indicated that the co-op has reached a ‘tentative’ agreement with the city in regards to this offer to modify our lease extension terms. This is not true," Robert Leonard, a spokesman for the market, wrote in an email to NJBIZ this afternoon.
New Jersey officials also seemed baffled by the news report. "Our understanding is that Hunts Point's board did not accept New York's proposal, which means their location decision is still unsettled and New Jersey is still in the game," said Lt. Gov. Kim Guadagno through a spokesman. "I look forward to continuing to work together with Hunts Point to persuade them New Jersey is a great alternative to their cramped and outdated facilities in the Bronx."
Crain's New York Business reported Tuesday that the co-op and the city had reached a tentative deal to keep the market in the Bronx for at least a decade. The story quoted a co-op representative, who apparently spoke before the board meeting, plus unnamed sources. The market's board of directors still had to vote on the agreement at a formal meeting, the report said.
To read the rest of the story, please go to: NJBiz
