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Project Name

David E. Pawlik / 1055 Genesee Street, LLC

Address

1055 Genesee Street
Buffalo
New York
14211

Project Details

 

This project location includes the adaptive reuse of a location which was formerly used as a NOCO gas station. NOCO, under the DEC's Brownfield Clean Up program has remediated the site. Mr. Pawlik will be demolishing the site and constructing a new 10,640 sq. ft. single story building which will be leased to Dollar General.

 

There is currently no prohibition at the state level for IDA’s assisting retail projects.  However, the more stringent Erie County Uniform Tax Exemption Policy states that a “Local Request” Retail Incentive Program is available for retail projects making a capital investment in a highly distressed area.  These types of projects require a letter of support of the Chief Elected Official of the affected municipality, which is attached.  Real property tax exemptions will be provided through use of the State’s 485-b exemption program.  IDA assistance is therefore limited to only sales tax and mortgage tax abatement.

 

Status Details

Approved January 10, 2011