Mon December 2, 2013
IDA committee approves Uniland tax breaks
Uniland Development's tax break request for a new office building in downtown Buffalo has one more hurdle to clear.
The Erie County Industrial Development Agency's Policy Committee overwhelmingly approved the application Monday morning. The company is seeking $8.4 million in subsidies to construct a 12-story mixed-use building that will be anchored by Delaware North Companies.
Deputy County Executive Richard Tobe urged the panel to support the application for subsidies.
"Delaware North means about $1 billion to our community in direct salary and philanthropic giving over the next 20 years," Tobe said.
Uniland Vice President Michael Montante says some of the benefits of Delaware North's new corporate headquarters will be hundreds of jobs and increased tax revenues.
"Not just the property tax, but the sales tax and the bed tax," says Montante. "It's really a win-win-win for the community."
Montante says the $81 million project at Delaware and Chippewa will create hundreds of construction jobs and help retain 350 positions at the concession giant, along with creating about 65 new jobs.
The request now goes to the full IDA Board for a vote December 16.