In Business Today, a deluge of tax breaks:
- County IDA OKs tax help for urgent care unit in city - David Robinson/The Buffalo News
Western New York Immediate Care's plans to open an urgent care facility on Delaware Avenue won more than $450,000 in tax breaks Monday from the Erie County Industrial Development Agency, despite the objections of some board members to providing incentives to medical projects.
By backing Western New York Immediate Care's $3.3 million project to open a center at 2497 Delaware Ave., the Erie County IDA joined IDAs in Amherst and Lancaster in granting incentives to an urgent care facility.
While urgent care facilities qualify for aid under state law, the eligibility guidelines followed by all of Erie County's IDAs require that the agency reach a determination that the service is not readily available before granting any tax breaks.
Buffalo Mayor Byron W. Brown said he strongly supported the project, noting that the nearest urgent care facility is on Sheridan Drive in Amherst. [He may have overlooked this one.]
- Corn Exchange project gets $135,000 tax break - David Robinson/The Buffalo News
A $3 million project to convert the former Corn Exchange building [in photo] on South Elmwood Avenue into offices and apartments received $135,000 in tax breaks Monday through the Erie County Industrial Development Agency. ...
In other business, the agency:
• Granted nearly $460,000 in tax breaks for a $2.9 million plan to renovate the Calumet Building at 52 Chippewa St. The Kenney, Shelton, Liptak & Nowak Law Firm, now located in the Rand Building, plans to move into the top two floors of the renovated structure. ...
• Approved $84,000 in tax breaks for Triad Recycling & Energy Corp., which plans to turn a vacant facility at 3755 River Road in the Town of Tonawanda into a recycling operation for demolition debris, primarily asphalt roofing shingles, that will be used to make blacktop for road construction. ...
• Awarded Alliance Advisory Group tax breaks for its $2.8 million project to move its headquarters from Amherst to the long-vacant former headquarters of Rural/Metro Medical Services on Delaware Avenue in Buffalo. ...
• Approved $46,000 in mortgage tax breaks for the owners of the former Motorola plant in Elma, who plan to convert it into a multiple-tenant facility that will be marketed for back-office businesses. ...
The Buffalo and Erie County Industrial Land Development Corp., an affiliate of the development agency, approved:
• $34 million in tax-exempt financing for a project to build an 1,800-vehicle parking ramp at 134 High St., on the Buffalo Niagara Medical Campus.
• $16 million in tax-exempt financing for a $16 million project by Canisius College to convert the former Sears store at 1901 Main St. into a new science hall.
• $12 million in bond financing for Medaille College to expand two facilities on its Buffalo campus. The financing will cover a 20,000-square-foot addition to Medaille’s Sullivan Center, as well as a 12,000- square-foot expansion of Huber Hall that will house the college’s Student Success Center.
taggedCurrent Affairs | Health Care | Real Estate | The Economy