Jun 18
2014
Investigative Post editor Jim Heaney discusses the SolarCity deal, and the thinking behind the Buffalo Billion initiative, with WGRZ’s Danny Spewak in a 6 minute, 42 second interview taped Tuesday evening.
Mar 22
2014
Demolition crews are in the home stretch of work to clear the northwest corner of Delaware Avenue and Chippewa Street for construction of new corporate headquarters for Delaware North. The project involves at least $10.6 million in tax breaks for the project developer, Uniland, and Delaware North, which will be the building’s primary tenant.
Feb 25
2014
Gov. Cuomo’s announcement of a $55 million state investment to attract IBM to downtown Buffalo is pricey, but less so than the two previous Buffalo Billion projects that have been rolled out, Investigative Post editor tells WGRZ.
Dec 20
2013
The tax breaks for the Yahoo data center in Lockport just keep coming. The Lockport IDA on Thursday granted the company a sales tax waiver on equipment purchases for the next 20 years. This is but the latest in tax breaks granted by IDA officials. A report from The Buffalo News.
Dec 17
2013
Investigative Post editor tells Eileen Buckley on Press Pass that the clean energy initiative at Riverbend represents progress, but is not the panacea that project proponents are claiming. He also expressed concern that many subsidized projects, including planned Uniland-Delaware North building in downtown Buffalo, do little to build the region’s tax base.
Dec 10
2013
Corporate tax breaks and grants total $1.7 billion this year alone in New York State. That’s up three-fold since 2005. The ROI? Employment is down. A devastating analysis by David Cay Johnston for Tax Analysts.
Nov 26
2013
Gov. Andrew Cuomo’s tax commission has determined that corporate tax breaks totaled $1.8 billion last year. “If you eliminated all the credits, you could cut business taxes enormously for everybody,” one official told the New York Daily News.
Nov 26
2013
Those upset by the prospect of Delaware North Companies receiving public subsidies to move into new office space are 13 years and some $4 million too late. The company has been receiving public assistance since it moved into its present headquarters at Key Center in 2000. Sales and property tax breaks, some of which continue until its office lease expires in 2015, total an estimated $4.1 million. That’s not counting the $11.6 million low-interest line of credit Delaware North obtained from the city when it moved into its new quarters for a spell, until federal officials objected because the money[...]