Hunts Point Terminal Market being loured to NJ

March 31, 2011 3:17:45 PM PDT
If you live within 50 miles of the Bronx odds are your produce passes through the terminal market.

The Hunts Point Terminal Market is the largest of its kind in the world.

It's where supermarkets, restaurants, and green grocers get their goods.

But the 1 million square foot structure is old, and too small, and now New Jersey is making a full court press to lure it away.

A new market in Hunts Point would cost $320 million, but only $200 million in New Jersey.

In the Bronx, the cost would be split between the city and the cooperative of 42 merchants.

But, the city would still own the facility and charge rent.

Under the Jersey proposal, the coop would own the market and get a number of tax breaks.

At stake is 3,000 jobs, and many of those workers are Bronx residents.

Nearby businesses in the industrial area also fear the worst.

There's no question an upgrade is needed.

The market has grown so cramped that refrigerated trucks are used for storage.

But, bringing the produce in and out exposes it to the elements, reducing shelf life.

A new facility will not only preserve what called the "cold chain," it will conform with more stringent food safety laws.