Empire Outlets months behind on debt payments to city

Empire Outlets was meant to draw “New Yorkers and visitors from across the world.” The pandemic has put that dream on hold — along with its debt payments. BFC Partners, the developer behind the 340,000-square-foot retail complex on Staten Island’s North Shore, is months behind on payments on its loan from the New York City Economic Development Corporation, according to corporation reports cited by The City. The project cost $350 million, about $100 million of

source https://therealdeal.com/2020/09/01/empire-outlets-months-behind-on-debt-payments-to-city/