The New York City Economic Development Corporation (NYCEDC) and the 38-member co-op that leases the 113-acre, one-million-square-foot Hunts Point Produce Market — at 101 Food Center Drive, in Hunts Point — are currently in negotiations to completely rebuild the wholesale food market. Existing warehouses would be demolished and new ones would be built in phases, the New York Post reported. A previous plan to retain the existing structures and simply expand the footprint has been thrown out. The existing complex does not having enough cold storage warehouses, and there are environmental concerns. Infrastructure upgrades are part of the new plan and, so far, include $8.5 million in city-funded rail upgrades and $10.5 million in capital improvements, like electric upgrades. The market is the largest food distribution center in the world.
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