Six years ago, a development agreement for downtown Niagara Falls envisioned $110 million in new projects for the ailing neighborhood.
Today, those blocks contain mostly grassy lots.
The company that holds the development agreement, Niagara Falls Redevelopment, has purchased hundreds of parcels of land - including many from the city - but has yet to build on them.
A review of the 2003 contract by a University at Buffalo law professor found it contained few remedies for the city to take action if no development occurred. A story in today's Niagara Weekend section explains the contract's provisions and looks at whether the city failed to protect its rights as it dealt with the firm.
State Comptroller Thomas P. DiNapoli will soon weigh in; his office is expected to release a report on NFR's development agreement, as well as on a city lease with another private firm for the Rainbow Centre mall.
Both documents represent the bitter disappointment the people of Niagara Falls feel about the slow pace of development.
What do you think?
- Denise Jewell Gee