New York Mayor Bill de Blasio in early March announced his administration plans to invest $150 million over 12 years to revitalize aging operations. However some Hunts Point wholesalers say the mayor wasn’t specifically talking about the Hunts Point Produce Terminal.
Instead, the mayor’s announcement was neighborhood-specific and was referring to all the food markets on the Hunts Point peninsula, which include the Fulton Fish Market and the Hunts Point Cooperative Market, which is also known as the Hunts Point Meat Market. When one does the math, $150 million over 12 years doesn’t amount to much and isn’t considered remarkable.
The $150 million isn’t anywhere near the $800 million needed to modernize operations, although the city is spending money to improve the market. It is pointed out that a $21 million project constructing railroad sidings alongside the market’s buildings and constructing an open-air rail shed on the market’s east side for freight car unloading is underway.
At the 329-acre facility, 115 wholesalers that employ more than 8,000 workers distribute from the market’s four buildings that were constructed in the late 1960s. Talks to move distributors out of the aging 500,000-square-foot market began in 2000.
Washington produce rates on apples, cherries – grossing about $7400 to New York City.