THE BRONX - The New York City Council voted down the Kingsbridge Armory redevelopment project Monday.

Protesters have rallied against the project since its inception three years ago. Bronx residents demanded wage requirements and union protection for armory employees, which Mayor Michael Bloomberg says was an unviable request.

Bloomberg says the project would have brought thousands of jobs and more than $300 million in private investment to the Bronx.

Along with Bronx Borough President Ruben Diaz, Jr., residents claimed the redevelopment would have driven business away from the more than 45 shops in the area.