Bronx Judge: State Needs to Clarify KNIC Loan Commitment
Attorneys in the Kingsbridge National Ice Center (KNIC) lease case agreed with a judge’s order to have a letter sent to state agencies asking to demonstrate, in writing, that they’re fully committed to a loan needed to jumpstart the massive project. KNIC’s strongest ally, meantime, may be found on the bench. “You need to go to the source,” said Judge Ruben Franco, who heard the case involving KNIC developers and the New York City Economic Development Corporation (EDC) at Bronx Supreme Court on May 16. A team of lawyers from the New York City Corporation Counsel, still holding the 99-year lease
