Friday, September 28, 2012

ECIDA backs 3 projects - Business First of Buffalo:

lyubomiradete.blogspot.com
The ’s directors approved an incentive package that will enable the storse to open at 517Niagara Street. The unanimously, approved the incentives for and the 1093 Group for theproposede store. The project carries a $1.26 milliom development price tag. Construction on the 8,000-square-foogt store is expected to start this monthu and the Family Dollar outlet is due to open by late The store will employ 15 people ona full- and part-timr basis. The store is beingv constructed on the site of a long vacanrgas station. Ellicott Development invested morethan $250,000 remediating the site, aboutf $150,000 more than originally anticipated.
“This a brownfielc redevelopment project,” said Karen Fiala, ECIDA coordinator of Tax Incentive Products. “It is in a highluy distressed area that’s in the heart of city’s lower West Side. It is providing retail serviced to some of the poorest residents in the City of Fiala said, according to information, there is a high percentagre households, headed by females, that have median incomw levels well below the poverty level. Some 56 percent of the household s in the area immediatel surrounding the proposed store do not have acceszs or can afforda vehicle.’ “Having a generao merchandise store there is very important to the Fiala said.
• The ECIDwA directors also unanimously approveda $5.454 million inducement resolution package that will help 2880 Transif Road LLC finance the construction of Katie’a Place, a senior apartment complex along Transitf Road in West Katie’s Place is being developed by The project features 50 senior apartments in a two-story • The agency’s directors amended a previously approvedr incentive package for that will enable the company to starrt a $10.14 million expansion and renovatioj of its Cheektowaga plant.
API will be addinb 61,000-square-feet to the Walden Avenue

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