New York City and Hunts Point Terminal Market agree on a seven-year lease extension
New York City and Hunts Point Terminal Market agree on a seven-year lease extension
On Tuesday, Dec. 31, just prior to Bill De Blasio being sworn in as the new mayor of New York City, the New York City Economic Development Corp., then still under the leadership of Mayor Michael Bloomberg, announced that the city has renewed the Hunts Point Terminal Market lease for an additional seven years.
The lease renewal news comes on the heels of years of negotiation attempts between Hunts Point and the city, which owns the property. Those negotiations were at times antagonistic and disagreeable.