Development of Kingsbridge Armory continues to stall

A plan to develop the Kingsbridge Armory as "the world's largest indoor ice skating center" has frozen over with no apparent thaw in sight.

A $320 million proposal to develop the Kingsbridge Armory into the Kingsbridge National Ice Center has continued to stall.

A $320 million proposal to develop the Kingsbridge Armory into the Kingsbridge National Ice Center has continued to stall. (7/31/16)

THE BRONX - A plan to develop the Kingsbridge Armory as "the world's largest indoor ice skating center" has frozen over with no apparent thaw in sight.

KNIC Partners, the group trying to develop the armory, has encountered many roadblocks in the $320 million project.

The city's economic development corporation has not handed over the keys to developers, claiming they have not fully secured funding for the first phase of the project.

As a result, KNIC has sued the city for allegedly delaying development on purpose. The developers' lawyers say the group does in fact have funding for the project via a loan from state lawmakers and private investors.

According to a city spokesman, "The City and EDC remain committed to the Kingsbridge National Ice Center. We continue to believe that the developer must secure full funding for the project's first phase to ensure it becomes a reality." 

The two parties are reportedly negotiating at this time. However, the last court hearing was reportedly canceled and has not yet been rescheduled.

Meanwhile, tenants and local businesses say the development plan is causing their rents to spike and will eventually force them out.

However, not all Bronx residents are against the plan.

"The armory just sitting there doing nothing is a detriment to the community," says Ivan Braun, a volunteer with the Northwest Bronx Community and Clergy Coalition, who tried to explain the project to Bronx residents Sunday at a resource fair.

advertisement | advertise on News 12

Trending Video

A 21-year-old was critically injured after crashing his 1 21-year-old critically injured in crash on Bronx River Parkway
Barre originates from ballet, and similarly aims to 2 Ready, Set, Fit: Barre
Mount St. Michael wins CHSAA Archdiocesan title 3 Mount St. Michael wins CHSAA Archdiocesan title
US director Barry Jenkins (C) speaks after 4 'Moonlight' wins best picture at botched Academy Awards
News 12 The Bronx asked residents what they 5 Word on the Street: Oscars mix-up

advertisement | advertise on News 12

Features

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE