Hunts Point Market future uncertain as time runs out
Hunts Point Market, a Bronx staple, could be moving across the Hudson this summer.
The market's lease with the city expires this weekend. If the lease isn't renewed, nearly 10,000 jobs and millions of dollars could move from the Bronx to a new location.
Vendors say there have been no new developments in negotiations with the city. Previously, many demanded the city renovate the facility to comply with food safety regulations and provide adequate room for stoarge. Vendors say they are also concerned with strict city regulations and rising travel costs.
Several vendors say they have considered moving to New Jersey, where they may get a brand new refridgeration facility, tax incentives and decreased regulations.
Market executives are currently negotiating with the city's economic development corporation and hope to come to a compromise. The lease expires May 31.