New York City Mayor Bill de Blasio announced plans to invest $150 million to revitalize the Hunts Point Terminal Market in the Bronx, NY, over 12 years, “fortifying a vital aspect of our infrastructure: our food supply,” he said Thursday, March 5, at an Association for a Better New York event.
de Blasio said the plans will modernize the buildings and infrastructure that are currently at Hunts Point and open up new space for small businesses. “More than that, this is a bold vision, with a major financial commitment that will make the site resilient and sustainable, improving New York’s readiness for natural disasters like Superstorm Sandy,” he said.
“It’s hard to overstate how important this facility is for our city,” the mayor noted.
The Hunts Point Terminal Market occupies 329 acres and supports 115 private wholesalers that employ over 8,000 people. “These are good, decent-paying jobs for New Yorkers at every education level,” de Blasio said. “Our plan protects those jobs and positions the site to create many more jobs for New Yorkers in the future.”
The plan will also include dedicated space to better link New Yorkers to food that is grown and produced in upstate New York, strengthening the city’s partnership with upstate communities, farms and businesses.