In a groundbreaking announcement on Tuesday, November 7, 2023, Assemblymember Amanda Septimo of New York’s 84th district proudly revealed the allocation of a substantial $130 million for the redevelopment of the iconic Hunts Point Produce Market in the South Bronx.
This monumental investment marks a significant turning point for the community and the city at large.
“I am so proud of the fact that this year, with the incredible support of my colleagues and advocates on the local level, we were able to secure $130 million dollars for the Hunts Point Produce Market! All the work, the tours, and countless visits have been so worth it to get to this moment,” Amanda Septimo declared with enthusiasm.
The $130 million investment holds the promise of ushering in numerous positive changes for the South Bronx community. Some of the key benefits include:
Preservation and Expansion of Jobs: One of the primary objectives of this redevelopment effort is to safeguard and enhance thousands of unionized and high-paying jobs within the market. This commitment to job security and growth will undoubtedly have a positive impact on the livelihoods of local residents.
Environmental Progress: The redevelopment will play a crucial role in reducing emissions on city-owned land, thereby contributing to improved air quality in the Hunts Point neighborhood. This endeavor aligns with the city’s efforts to combat pollution and enhance the well-being of its inhabitants.
Food Supply Chain Resilience: The investment will serve to protect and strengthen the food supply chain at local, regional, and national levels. This is particularly significant, given the pivotal role Hunts Point plays in ensuring a steady and reliable source of fresh produce for New York and beyond.
Economic Growth and Sustainability: The support extended to businesses in and around the market will stimulate economic growth, while simultaneously laying the groundwork for a sustainable, efficient, and community-focused urban food distribution system. The Hunts Point Produce Market is set to become a model of excellence in this regard.
Amanda Septimo expressed her gratitude, stating, “Major thanks to Carl E. Heastie for the incredible leadership and support on this critical project, and to each of my Bronx delegation colleagues who have played a role in getting us to this point.”
The collaborative efforts of the Bronx Assembly Delegation have been instrumental in securing this transformative investment.
The announcement of $130 million for the Hunts Point Produce Market redevelopment is a momentous occasion that promises to revitalize the South Bronx, strengthen its economy, and contribute to a greener, more sustainable future for the entire region.
This landmark funding is a testament to the power of community advocacy and effective governance, ensuring a brighter and more prosperous future for all.