(Aug. 29) PHILADELPHIA — Residents of the 44-year-old Philadelphia Regional Produce Market are excited about the possibility of a new terminal market, but they don’t know whether that market will be in Pennsylvania or across the state line in New Jersey.

According to an Aug. 18 article in The Philadelphia Inquirer, the market’s 40-member terminal association is looking for someone to build it a $120 million facility and then collect rent to recoup the cost. That “someone” could be the city of Philadelphia or the state of New Jersey.

Industry reports say Sonny DiCrecchio, general manager of the terminal market, hopes to break ground on a new market within a year. But in mid-July, tenants of the current terminal, on South Galloway Street off Packer Avenue, said no decision has been made about its future location.

“I would prefer to stay in Philadelphia. I live in Pennsylvania. Moving right across the river probably is not too much of an inconvenience for most of our customers, but Philadelphia has been good to our family, and I would hate to turn our back on it,” said Chip Wiechec, president of Hunter Bros. Inc., which occupies two units on the market. “But if the market moves, we will move with it.”

That sentiment was common among many on the market, so the decision will come down to which bidder makes the better offer.

Companies with warehouses and facilities off the market also would have to decide whether to move or stay. Mike Maxwell, president of Procacci Bros. Sales Corp., said the company would move its terminal market presence, which is currently three units, to New Jersey, but its seven warehouses and corporate offices would remain in Philadelphia.

Jack Collotti Sr., consultant and former president of Collotti & Sons Produce Inc., said Philadelphia promised it would build a new market. Cost is one of the deciding factors for many on the market.

George Manos, president of T.M. Kovacevich Phila Inc., which occupies three units on the market, said members of the terminal’s board were working out the city’s cost contributions versus the merchant’s cost contributions.

Other wholesalers said Philadelphia wouldn’t want to lose the terminal market because of the large tax revenue it brings in.

The Inquirer article said the terminal employs about 1,100 and brings in $1 billion in annual sales. These figures have New Jersey’s Economic Development Authority luring the market across the Delaware River.

The article reported that New Jersey is pitching 14 possible sites, three of them on the Camden riverfront.