Hunts Point Produce Market is again threatening to move to New Jersey. Despite having secured a $172.5 million incentive package from the city, the market said it would allow the exclusive negotiating window with the city to expire, the New York Times reported.
The market and the city were believed to be on the verge of finalizing an agreement to keep the market, which generates $2.3 billion in sales annually and employs more than 3,500 people, in the Bronx, where it has been located since 1967. But the market cooperative and the city can’t agree on the role of the Business Integrity Commission, an agency charged with preventing organized crime in carting. [more]