Wednesday, May 18, 2005

Bronx Terminal Market: Evictions Put Off

Crain’s Insider is reporting today that the Bloomberg Administration and the Related Companies have agreed to put off evictions of the remaining 23 merchants until a Supreme Court hearing can be held on the legality of the city’s lease agreement. The Insider also cites the Alliance’s Richard Lipsky on the delay of the certification of the Gateway Project, which was originally planned for June.

The merchant’s lawyers have told us that EDC has not been forthcoming about the lease transfer between the old landlord Buntzman and the Related Companies. We hope that this and the other complex legal issues surrounding the market will be aired at the City Council’s June 27th hearing.