ERIE COUNTY INDUSTRIAL DEVELOPMENT AGENCY BOARD APPROVES $9.6 MILLION IN TAX ABATEMENTS TO ASSIST UNILAND DEVELOPMENT COMPANY IN CONSTRUCTION OF A 12-STORY OFFICE BUILDING IN DOWNTOWN BUFFALOby chocieni
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December 16, 2013
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ERIE COUNTY INDUSTRIAL DEVELOPMENT AGENCY BOARD APPROVES $9.6 MILLION IN TAX ABATEMENTS TO ASSIST UNILAND DEVELOPMENT COMPANY IN CONSTRUCTION OF A 12-STORY OFFICE BUILDING IN DOWNTOWN BUFFALO
The building's anchor tenant, Delaware North Companies, will locate its global headquarters at the 250 Delaware Avenue
Buffalo, N.Y. - The Erie County Industrial Development Agency Board today approved $7.8 million in property tax abatements and $1.8 million in sales tax waivers for 250 Delaware, Inc., the Uniland entity which is undertaking the $51.7 million project.
The mixed-use project will also include a 119-room hotel to be operated by Delaware North, plus an additional 94,000 square feet of Class A office space and a four-level parking structure.
In addition to sales tax abatements, DNC 250, Inc, was granted a seven year payment-in-lieu-of-taxes agreement through the ECIDA.
The move to a state-of-the-art global headquarters will allow Delaware North to add 65 jobs to its current 350-person Buffalo payroll. The new jobs will pay an average of $70,000, annually.
Construction is expected to begin in the first quarter of 2014. Uniland has already started a $1.5 million remediation of the Elmwood Avenue side of the site which formerly was home to a gas station. The brownfield parcel requires clean-up of soil and ground water.
The ECIDA also added a new board member. Town of Eden Supervisor Glenn Nellis takes the seat vacated last summer by former Congressman John LaFalce.