Recent News & Archive
City Council rejects Kingsbridge Armory mall planNYHTC - December 14, 2009
Members of the City Council overwhelmingly voted against a plan for a shopping mall inside the Kingsbridge Armory December 14. The major point of contention was whether mall tenants would be required to pay their employees at least $10 per hour as Related Companies, the developer, would be receiving more than $50 million in tax credits and exemptions. Nearly 200 cities require developers using public money to pay more than the minimum wage. When Related would not consent to such a provision, claiming any requirement that employers pay more than minimum wage would make it impossible to attract tenants or secure financing, the Council voted down the project 45 to 1.
Dolnick, Sam. Voting 45-1, Council rejects $310 million plan for mall at Bronx armory. NY Times December 15, 2009.
Potkewitz, Hilary and Erik Engquist City Council to kill plan for 2,200 Bronx jobs. NY Times December 14, 2009.
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