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Buffalo

Use of a controversial property tax exemption for commercial projects in Buffalo keeps growing, according to a new report by a government watchdog group that has criticized the way developers have used the lucrative program. The Public Accountability Initiative projected the total value of the 485-a tax break in Buffalo at $66.9 million between this year and the end of …

Buffalo

Some of downtown's biggest developers aren't in a hurry to see the Skyway go away. Downtown real estate developers are signaling a break with Rep. Brian Higgins and the state over plans to tear down part of the elevated highway over Buffalo's waterfront, convert the remnant to a public park and enhance other connections to the Southtowns. And their opinions are consi…

Business

A group of commercial real estate developers met with 40 representatives from a dozen local industrial development agencies and chambers of commerce to sound an alarm about a need for more coordinated economic development planning in the region. The members of NAIOP Upstate New York, a development trade group, told the IDA and chamber officials gathered at Lancaster Tow…

Buffalo

Some of Buffalo's biggest and most active real estate developers are among the largest beneficiaries of a special city property tax exemption — one that is frequently used in Buffalo, but is not well-known, understood or monitored by taxpayers. That's the conclusion of a new report by an advocacy group, which is raising concerns about the lack of oversight and potential…

Business

Construction and development are expected to continue at a frenetic pace in Buffalo in 2018, as attention shifts from the Buffalo Niagara Medical Campus to several major projects in downtown Buffalo and Elmwood Village, along with a host of smaller efforts in various parts of the city. Here’s a look at what’s coming this year: • One Seneca Tower: Washington developer…