Tag: Subsidies

Nov 26

2013

Delaware North’s endless subsidies

Published by

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[...]

Posted 10 years ago

Nov 25

2013

Subsidies aplenty for Delaware North project

Published by

Jim Heaney of Investigative Post, in the first of a two-part series, counts the many ways Delaware North Companies and Uniland Development would reap tax savings from their proposal to build an office building at Delaware Avenue and Chippewa street. The assorted tax breaks add up to $12 million to $15 million and go well beyond what the companies are seeking from the Erie County Industrial Development Agency. Tomorrow, Investigative Post documents the millions of dollars of subsidies Delaware North has been receiving since 2000.  Check out WGRZ’s newscast at 6 p.m., along with a full story InvestigativePost.org and the[...]

Posted 10 years ago

Nov 21

2013

The skinny on Buffalo’s big jobs announcement

Published by

Investigative Post teamed with WGRZ to provide insight into Thursday’s announcement by Gov. Andrew Cuomo that the state is investing $225 million to build and equip facilities that will house two fledging clean energy firms. Dan Telvock provided background on the two companies, both based in California. They have small work forces and are still searching for profitability, but are nevertheless regarded as innovation leaders in their industries. The deal with the state obligates the firms to invest $1.5 billion and operate in Buffalo for at least 10 years. Jim Heaney interviewed Alain Kaloyeros, the chief architect of the deal, and[...]

Posted 10 years ago

Nov 20

2013

Major jobs boost for Buffalo

Published by

It was nearly two years ago when Gov. Andrew Cuomo announced his intention to invest $1 billion to revitalize the Buffalo area economy. Not much of that money has been earmarked so far, but that will change Thursday morning when the governor is scheduled to come to town to announce what is shaping up as the state’s largest investment ever in the local economy. Sources tell Investigative Post this deal has been months in the making and far surpasses the first Billion To Buffalo deal involving drug research, development and manufacturing at the Buffalo Niagara Medical Campus. That project, scheduled to[...]

Posted 10 years ago

Nov 8

2013

Smaller subsidies for Delaware North HQ

Published by

Uniland, which has proposed building a new corporate headquarters for Delaware North, is no longer seeking tax breaks beyond the normal package offered to office projects. The developer appears to have miscalculated whether the project was fully eligible for some of the extra incentives it was seeking. Its original plan sparked an outcry.

Posted 10 years ago

Nov 7

2013

What $18,900 buys

Published by

Buffalo Mayor Byron Brown and Congressman Chris Collins were tight when the latter served as Erie County executive. They’ve teamed up again to endorse tax breaks to help Delaware North move to new digs. Between them, Brown and Collins have received $18,900 in campaign contributions from Delaware North and members of the Jacobs family.

Posted 10 years ago

Oct 24

2013

State pursuing major jobs initiative for Buffalo

Published by

The state has quietly launched a major initiative to develop a series of economic development hubs in Buffalo aimed at attracting medical, energy and technology companies that would generate thousands of good-paying jobs. The state recently issued a request for proposals seeking developers to construct two or three facilities in the city and partner with a handful of anchor tenants who would employ an estimated 1,500 to 2,000. Much like a shopping mall, these large tenants would attract small and mid-sized firms that would add to that employment base and build a critical mass in fields regarded as regional strengths. The[...]

Posted 11 years ago

Sep 11

2013

A rich, but tolerable development subsidy deal

Published by

Anyone who has followed my work the past dozen years knows I am not a fan of economic development subsidies. And the deal announced Tuesday of a manufacturing plant involves a lot of public money – some $25.9 million over the next decade in grants, tax breaks and power discounts. That works out to nearly $151,000 per job, which ranks this as one of the region’s richest subsidy deals ever. It’s not the obscene $2.1 million per job subsidy awarded a few years back to Yahoo’s data center in Lockport. But it’s more than all but a handful of deals[...]

Posted 11 years ago
Investigative Post

Get our newsletters delivered to your inbox * indicates required

Newsletters *