CBA For Ice Palace In The Bronx Will Bring Huge Economic Benefits To Residents Of NeighborhoodPosted: October 30, 2013
The planned Kingsbridge National Ice Center will generate nearly $2 billion in economic benefits for the city, its developer claimed this week.
The community benefits agreement requires that at least 51% of employees be Bronx residents and be paid at least $10 per hour with benefits or $11.50 without. The community will receive 1.5% of the ice center’s annual revenues, or $276 million over the 99-year lease. And the community will enjoy free ice time, worth nearly $589 million.