New York City is restarting a search for a manager to oversee Fordham Plaza. According to Norwood News, Fordham Road’s Business Improvement District (BID) and NYC could not agree to terms of operating the $34 million site.
Fordham Road’s BID was given a six-month grant to begin maintenance, a deal that made sense as the BID is not just the city’s largest, but neighbors the plaza. But now, the cafe and three kiosks are left without a vendor even longer, leaving many wondering why the city waited a year to find a partner to begin with.
What is clear is that the costs for the BID started to pile up, with the Dept. of Transportation charging almost $10 million in various types of insurance, among other stipulations, which would have strained their financial resources.