A group of nearly 50 automotive businesses known as the Sunrise Cooperative has agreed to leave Willets Point, where a $3 billion mixed-use megaproject is planned, in exchange for $4.8 million from the city and $960,000 from developers Related Cos. and Sterling Equities. The money will go into an escrow fund which will allow the cooperative to relocate to 1080 Leggett Avenue in the Hunts Point section of the Bronx. The road to megadevelopment isn't completely clear yet, though, as around 20 shops couldn't afford to pay dues to join the collective, and their fate is still up in the air.
· Auto body shops neighboring Citi Field finally agree to vacate, paving way for $3B mall [Crain's]
· Willets Point coverage [Curbed]
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