Related ices out competition to secure Wollman Rink contract

Mayor Eric Adams is making a major move before leaving City Hall: locking in Related Companies to run Wollman Rink for the next two decades. Wollman Park Partners II, an affiliate of Related, was selected to take over the concession, beating out the Trump Organization and a bid from the Central Park Conservancy, according to a Parks Department announcement reported by The City. The deal includes $10.9 million in upgrades to the rink and $91 million in concession fees over the 20-year term. The nonprofit Conservancy pushed a competing offer to donate $120 million and operate the rink, promising a […] This article originally appeared on The Real Deal. Click here to read the full story.