The Real Deal New York

Bronx judge tosses Kingsbridge ice project ownership claims

Ruling settles dispute that delayed $320M conversion of armory
October 07, 2014 11:00AM

A Bronx Supreme Court justice dismissed an ownership claim yesterday from former associates of the Kingsbridge National Ice Center, which is managing the conversion project.

The dispute between Kevin Parker, founder and chair at Kingsbridge, and his former business partners had delayed the $320 million project, which would turn the armory into one of the biggest indoor skating centers in the world. In July, a Manhattan judge rejected the ex-associates’ request for the city’s lease negotiations with the developer to end.

Justice John Barone upheld Parker’s allegation that the plaintiffs have no ownership stake in the development team. The lease deal involving a nine-rink ice center and 5,000-seat arena is expected to proceed. A lawyer for Parker said the lease is “ready to go.” [NYDN]Mark Maurer