New York Elections

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New York Council Denies Related Cos. $324 Million Bronx Mall

Bloomberg - Mon Dec 14, 4:25 pm ET

Dec. 14 (Bloomberg) -- New York City Council members rejected a Related Cos. LP proposal to turn a vacant city-owned armory into a $324 million retail and entertainment complex in the Bronx, after the developer balked at demands that it require retail tenants to pay a minimum wage of $10 an hour.

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