Hunts Point-ing Away

The privately owned Hunts Point produce market may move out of New York. The city’s refusal to give $150 million towards a new $750 million “green” facility in The Bronx has the owners of this wholesale fruit and vegetable co-op ready to box up and go. The owners claim it would only cost $500 million to build elsewhere. They’re scouting other locations now. They’ve been in their present location since 1967 but will soon outgrow it. People must really be eating their fruits and veggies! The produce market is part of the Hunts Point Food Distribution Center which includes separate fish and meat markets. It’s the largest food wholesale market in the world today ($2 billion in annual revenue) servicing the tri-state area. If the market departs, it will drive up the cost of food at many smaller grocers and restaurants. They'd be forced to travel further to obtain the food they get from The Bronx. Additionally, many people will lose their jobs and the city will lose badly needed tax revenue. New York City officials will likely come up with the money needed. It’s hoped that they’ll do it sooner, rather than later though. It'll help prevent us from getting indigestion at the thought of less food at higher prices!