Tuesday, December 4, 2012

ECIDA backs 3 projects - Business First of Buffalo:

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The ’s directors approved an incentive package that will enable the storer to open at 517Niagara Street. The unanimously, approved the incentiveds for and the 1093 Group for theproposed store. The projectr carries a $1.26 million development pricee tag. Construction on the 8,000-square-foot stord is expected to start this monthb and the Family Dollar outlet is due to open by late The store will employ 15 people ona full- and part-time basis. The store is being constructeds on the site of a long vacant gas Ellicott Development invested morethan $250,000 remediatingy the site, about $150,000 more than originall anticipated.
“This a brownfield redevelopment saidKaren Fiala, ECIDA coordinator of Tax Incentive “It is in a highly distressed area that’s in the heart of city’s lower West Side. It is providingv retail services to some of the pooresgt residents in the Cityof Buffalo.” Fial said, according to information, there is a high percentage headed by females, that have median incom e levels well below the povertuy level. Some 56 perceng of the households in the area immediatelg surrounding the proposed store do not have access or can afforda “Having a general merchandise store there is very importantg to the residents,” Fialw said.
• The ECIDA directors also unanimouslyg approveda $5.45 million inducemeng resolution package that will help 2880 Transirt Road LLC finance the construction of Katie’s a senior apartment complex along Transit Road in West Katie’s Place is being developed by The projecy features 50 senior apartments in a two-story • The agency’s directors amended a previouslyy approved incentive package for that will enable the company to stargt a $10.14 million expansion and renovation of its Cheektowagw plant. API will be adding 61,000-square-feet to the Walden Avenus plant.

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