A $25.3 million proposal from the Hamister Group to build a five-story mixed-use development, including a 100-room hotel, in downtown Niagara Falls looks like it will face some resistance from the City Council.
Council Chairman Glenn A. Choolokian said this morning the council's three-member majority is looking to table an agreement to transfer the city-owned parcel at 310 Rainbow Blvd. for the project.
Choolokian said he believes the proposed $100,000 sale price for the parcel is too low and the Council has never been told about the six other proposals the state received for the property.
"It's just too shady for me, too shaky," Choolokian said.
A proposed development deal with the Hamister Group is on the agenda for Monday afternoon's meeting of USA Niagara Development Corp., the state's economic development agency in Niagara Falls.
Editor's note: An earlier version of this post incorrectly said the project will cost $22.4 million.
Here's the full City Council agenda for Monday night:
taggedbusiness | City Council | city government | downtown | Glenn Choolokian