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Project Name

72 East Niagara Street, LLC

Address

72 East Niagara
Tonawanda
New York
14150

Public Hearing Transcript

Inducement Resolution

Project Details

The project entails the adaptive re-use of a former church and school building in the City of Tonawanda.  Once construction is complete, the complex will house 14- 1 and 2 bedroom apartments along with 4,000 sq. ft. of commercial space.  The apartments will all be available to residents at or below 80% of the average median income (AMI).

 

In its efforts to assist with adaptive reuse projects which is key to revitalizing and stabilizing communities, the City of Tonawanda opted into the 485-a real estate exemption program.  It was thought too that the school district would also opt in however to date that has not occurred which is the reason the developer is seeking a PILOT through the ECIDA. 

 

AMD Environmental, owned by one of the principals of the LLC, provides environmental services including consulting, sampling and project monitoring will be a tenant in the East Niagara Street facility once the project is complete.  They will be relocating from the City of Buffalo where they currently lease space.  In accordance with our Inter-Municipal Move Policy, we have notified both Mayors of the company’s intention. 

 

Status Details

01/27/2021 - $2,836,736 Lease/Leaseback Inducment Resolution approved by the ECIDA Board of Directors