An explosive new lawsuit claims the city’s decision to award the Kingsbridge Armory redevelopment contract to 8th Regiment Partners LLC was corrupted by political favoritism from the NYC Economic Development Corporation (EDC) and top Bronx officials, including the borough president and her deputy.
The lawsuit, filed March 28 in the New York State Supreme Court by Agallas Equities LLC, takes aim at the EDC as the main decision maker for the project that was backed by $215 million in state, city and federal investments. The EDC is a nonprofit public benefit corporation that has worked with the city on major development projects, including the Willets Point Transformation, Brooklyn Marine Terminal, The Bronx Museum and many more.
