Con Ed sale of land to FedEx draws fire - NY Daily News
At a time when Con Edison is asking customers to bear an 18% rate hike, the utility giant stands to make almost $70 million by selling off a chunk of its land in Astoria.
FedEx has been eying Con Ed's 21-acre parcel along the Astoria waterfront for nearly two years to use for a distribution center for its business-to-business shipping operation, FedEx Ground.
At a time when Con Edison is asking customers to bear an 18% rate hike, the utility giant stands to make almost $70 million by selling off a chunk of its land in Astoria.
FedEx has been eying Con Ed's 21-acre parcel along the Astoria waterfront for nearly two years to use for a distribution center for its business-to-business shipping operation, FedEx Ground.
