A source with knowledge of the negotiations said Thursday that complications have surfaced in the deal Crown Container Co. had reached in principle with the city. The agreement with the 23,000-square-foot waste transfer facility was never formally announced by the city, but owner Jerry Antonacci told the TimesLedger on Aug. 20 that he had agreed to sell his property to the New York City Economic Development Corporation and relocate to Maspeth.
Reached for comment, Antonacci said all hope was not lost for the relocation deal, but that the situation was “bleak.”
“As of right now we haven’t signed anything. We’re still trying to work through, but as of today it doesn’t look good,” he said. “But we’re still open to continuing negotiations with the city.”
Relocation deal with Willets Point waste company may fall through: Source
The collapse of the Crown Container deal would be a setback for the city, which has so far signed agreements to acquire less than four acres of land in the 62-acre industrial enclave.