Tag: Buffalo Billion

Jun 22

2015

Shenanigans beset Buffalo Billion

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Editors note: A version of the following story published this past weekend in the Rochester Democrat & Chronicle, Albany Times Union, Binghamton Press & Sun-Bulletin, and Poughkeepsie Journal. The accompanying video was co-produced with WGRZ.  Editorials calling for greater transparency in the program were subsequently published by the Democrat & Chronicle and Times Union. The Buffalo Billion program championed by Gov. Andrew Cuomo is a bold and costly experiment in economic development that is beset by secrecy and politics, and banking on a company with a history of losing money. The program — hailed in Buffalo but resented across much of the rest of New[...]

Posted 9 years ago

Jun 17

2015

SolarCity update: Progress and problems

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Construction of the massive $750 million solar panel manufacturing plant is approaching the half-way point and SolarCity is starting to hire in anticipation of a phase in of operations early next year. Meanwhile, the company is losing record amounts of money, its stock price is languishing and federal investigators continue to look at some of its past dealings out of state. New York officials, for their part, continue to thwart efforts to open the SolarCity project to public scrutiny.

Posted 9 years ago

Jun 12

2015

Heaney interview with Fred Dicker

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New York Post political columnist Fred Dicker interviews Jim Heaney on Investigative Post’s ongoing battle to obtain records related to the Buffalo Billion program. Heaney described the foot dragging and stonewalling by several state development corporations. The 8 minute, 45 second interview was broadcast June 9 on Talk 1300 in Albany. Dicker previously interviewed Heaney in December.

Posted 9 years ago

May 19

2015

iPost sues over suppression of records

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Investigative Post has sued a state development corporation so intent on withholding records involving the Buffalo Billion program that a leading state official likened efforts to obtain them under the Freedom of Information Law to an act of terrorism. Investigative Post has asked the State Supreme Court to rule on whether the Fort Schuyler Management Corp. is subject to the state FOI Law. WGRZ and the Gannett Company are helping to finance the lawsuit that was filed Monday in Albany. Fort Schuyler is managing the construction of three facilities that will house SolarCity, IBM and Albany Molecular Research Inc., which have been[...]

Posted 9 years ago

Dec 22

2014

Suppression of Buffalo Billion spending records

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Gov. Andrew Cuomo wants everyone to know he’s spending $1 billion to revitalize the Western New York economy. But the bureaucrats he’s charged with managing the Buffalo Billion are refusing to account for how they are spending $855 million earmarked for the program’s big-ticket projects. Three developers, all significant contributors to Cuomo’s gubernatorial campaign, have been selected to build and equip facilities that will house companies recruited to set up shop in Buffalo. But the state-affiliated non-profit corporation managing that work has refused to release contracts and other documents to Investigative Post that detail, among other things, how the contractors[...]

Posted 9 years ago

Jan 7

2014

60 Minutes critical of Soraa investor Khosla

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Billionaire venture capitalist Vinod Khosla, who was the subject of a controversial 60 Minutes program that aired Sunday, is a chief investor in one of the two cleantech companies moving here under the Buffalo Billion program. Soraa, which makes LED lighting, lists Khosla Ventures as one of its three top investors. Khosla Ventures general partner Samir Kaul is a member of Soraa’s board of directors. Manny Hernandez, a former operating partner with Khosla, is also on Soraa’s board. The 60 Minutes program “The Cleantech Crash” has come under scrutiny from environmentalists and cleantech supporters on claims that it misrepresented the health of the industry. Khosla, who Forbes called the “Man With the Golden Touch,” has invested more[...]

Posted 10 years ago

Nov 22

2013

iPost interviews architect of jobs deal

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Jim Heaney interviews Alain Kaloyeros, who put together the clean energy project announced Thursday, and Howard Zemsky, co-chairman of the Western New York Regional Economic Development Council. Some underreported details emerged from the 20-minute interview, which was conducted Thursday afternoon at WGRZ.

Posted 10 years ago

May 4

2013

Q&A: Economist Craig Rogers

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Craig Rogers is an associate professor of economics at Canisius College. Beyond his academic credentials, he has a wealth of experience in urban economics thanks to his stints with the college’s Center for Entrepreneurship and  the Office of Urban Initiatives. Rogers, 47, is a native of Niagara Falls. He earned undergraduate degrees in economics and business administration from SUNY Brockport. Rogers earned a masters of business administration and doctorate in geography from the University at Buffalo. Investigative Post Editor Jim Heaney interviewed Rogers on April 22. A 4 minute, 29 second video clip featuring the highlights of that interview is posted above. The full[...]

Posted 11 years ago
Investigative Post

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