Governor Andrew Cuomo announced in one of his State of the State addresses that Albany will provide the project a $108 million boost, but the city still needs to get on board.
The judge asked that the city consider handing over the lease on the property to the developers on the condition that they secure the funding for the first phase of construction by February 2017.
The Bronx is undergoing the same development boom as the rest of New York City. Here, we round up the most significant new projects shaping the borough, from a police station designed by starchitect Bjarke Ingels, to stunning new affordable housing.
Squabbles between the state and the developers on one side, and the city on the other, has prevented the project from moving forward. The development firm has until April 25 to secure the requisite funds amounting to $158 million.