An investment group featured two local developers submitted the winning bid for the Grand Island Holiday Inn Resort and Conference Center Wednesday morning.
Business First reports that in an auction that included ten registered bidders, a group led by developer Roger Trettel came out on top with a $4 million bid. The winning group outbid a firm from Elmira in what the publication calls a "hectic" auction that featured 19 back-and-forth bids.
DuPont has also announced a worldwide reduction of 1,500 jobs over the next 12 to 18 months. That will include some positions at DuPont's Yerkes plant in Tonawanda by the end of the year.
Weak quarterly earnings reports and lower profit expectations from 3M and DuPont sent stocks tumbling today. The company blames continued low production volumes at the Tonawanda plant at River Road and Sheridan Drive.
A private Canadian company based just across the border near St. Catharines is setting up shop on Buffalo's East Side. The expansion project will help create jobs and keep the doors open at a manufacturing facility that was about to close.
Businessman Tony Van Es has purchased a troubled manufacturer at 50 Wecker Street just off Bailey near Delevan. He is renovating the facility, buying new equipment and planning to add as many 60 employees over the next few years.
With massive economic development growth expected at the Buffalo Niagara Medical Campus, it will be key to create a proper street flow along Ellicott Street. But a redevelopment project has hit a major delay.
A contractor with a track record of incomplete local projects is to blame. Man O' Trees has also failed to complete the Martin Luther King splash pad and a major reconstruction project in Niagara Falls.
State Senator Tim Kennedy is proposing legislation that limits the annual fees municipalities across New York can charge mobile food vendors.
Kennedy says the food truck industry is booming, but inflated fees charged by municipalities are putting the brakes on mobile food vendors. The South Buffalo Democrat says his proposal will protect local control over regulating where and when food trucks do business.
Catholic Health, the area's second-largest health care provider, has announced plans to build a new six-story administration building along the Elm-Oak Arterial downtown.
Groundbreaking for the $46 million headquarters and training facility is scheduled for October 30, with completion projected for the summer of 2014. The new building will be at 144 Genesee Street, between Elm and Oak Streets, just south of the Kensington Expressway terminus.
The Niagara County Industrial Development Agency has approved tax assistance for a company that plans reopen the historic Niagara Hotel.
JSK International Corp. plans to fully restore the hotel at 201 Rainbow Boulevard in the City of Niagara Falls. JSK was approved for a 10-year sales tax abatement program of a little more than $3 million.
Niagara IDA chairman Henry Sloma tells WBFO News the assistance will allow the company to fully restore the hotel on Rainbow Boulevard.
The 8th Annual Western New York Construction Career Days continues in Lakeview Thursday. The two-day event is geared towards high school students and veterans.
The event offers students and veterans a first-hand look at what jobs in the trades entail. WNY Construction Career Days Committee Chair John Magney said in many cases, schools are only directing students to college.
"And as we all know we're not all cut out for college. You see these kids walk away from this event really thinking that this could be an opportunity for a career," said Magney.
There is a node of hotels developing in West Seneca near the junction of the Main Line Thruway and Route 219.
Ellicott Development has built three hotels through its Ellicott Hospitality subsidiary in West Seneca, with a ribbon-cutting yesterday for the new Country Inn & Suites by Carlson, flanking the Staybridge Suites hotel. The Hampton Inn-Buffalo South is just down Slade Road.
West Seneca Supervisor Sheila Meegan said they have helped develop a section of the town which needed development.
Members of an animal rights group held a brief demonstration outside Walmart's Thruway Plaza store in Cheektowaga this morning.
The activists are calling on the retailer to stop confining pigs to tiny crates where they are unable to move. The group is calling on the company to require its pork suppliers to phase out the practice.
Mercy For Animals National Campaign Coordinator Phil Letten says at two separate Walmart pork suppliers, the group documented pregnant pigs confined to "filthy, metal gestation crates" and pigs with open wounds and pressure sores.
It appears a new developer will be needed for the former AM&A's Building on Main Street in downtown Buffalo.
A couple of weeks ago, developer Rocco Termini said he would end his plans to redevelop the site because Governor Andrew Cuomo failed to sign a bill that would have raised the amount on tax credits used by developers to restore buildings.
But now, Buffalo Mayor Byron Brown says there are some other developers eyeing the site.
"AM&A's obviously has been a white elephant. It has been vacant more than a decade in downtown Buffalo," said Brown.
Buffalo-based New Era Cap Company is losing millions of dollars to counterfeiters each year, which could cost local workers their jobs.
At the company's Delaware Avenue headquarters downtown Friday, Senator Charles Schumer announced a plan that he says will help trace the source of counterfeit caps, urge the U.S. Trade Representative to put more pressure on foreign governments, and step-up enforcement online.
Plans to transform the Tishman Building into a mixed use building at Lafayette Square in downtown Buffalo moved another step forward.
Wednesday Mayor Byron Brown announced a new easement agreement with The Hamister Group. The $40-million project will transform the Tishman building into a Hilton Garden Inn hotel, apartments and new corporate offices for Hamister.
There is a new head of the state agency developing Buffalo's waterfront. Governor Andrew Cuomo has nominated civic leader Robert Gioia to the board of the Erie Canal Harbor Development Corporation and recommended he be chairman.
Gioia is the president of the John R. Oishei Foundation, chairman of the Great Lakes Health System, and a former chairman of the Niagara Frontier Transportation Authority.
Western New York Public Broadcasting Association has entered into an asset purchase agreement to sell WNED-AM 970 toCrawford Broadcasting Company.
“Since WNED purchased WBFO-FM 88.7 in March, we’ve been able to consolidate the frequencies for our news and information service,” said Donald K. Boswell, WNED president and CEO. “We want to make the best use of our resources and don’t feel that it’s necessary to simulcast on both AM 970 and WBFO-FM 88.7 any longer.”
Kaleida Health's board of directors has selected a proposed veterinary school to be developed at the former Millard Fillmore Gates Circle Hospital.
Kaleida made the announcement Tuesday afternoon. The $65 million plan proposed by local developer Chason Affinity was chosen over a proposal for a mixed use complex from Uniland Development that including a hotel and residential, office, and retail space.
Buffalo-based M&T Bank Corporation has announced the largest acquisition in company history.
M&T will take over the Paramus, New Jersey-based Hudson City Bancorp Incorporated for an estimated $3.7 billion. Ninety-seven of the 135 branches being purchased by M&T are in New Jersey, which will make it the Garden State's fourth-largest bank by deposit share.
The Canadian government says it will maintain a consular presence in Buffalo, even though the downtown Consulate in the HSBC Tower is slated to close.
Senator Charles Schumer says he has been in contact with government officials, trying to get them to reverse what he calls a "poor decision." Around 75 people worked on two floors in the tower. The Consulate's immigrant section closed in June.
While its still on track to close next week, Schumer says Foreign Minister John Baird has agreed to keep a consular presence in the Queen City through a smaller liaison office.
The head of the U.S. Postal Service made a surprise visit to Buffalo's William Street Mail Processing Center this morning.
Postmaster General Patrick Donahoe toured the facility before speaking to the 2,500 attendees at the 108th National Rural Letter Carriers Association Convention.
After being targeted for closure in a cost-cutting move, the William Street facility won a temporary reprieve from earlier this year. The Postal Service is seeking to close a multi-billion dollar budget shortfall and stay solvent in a time of declining mail volume.
Another Canadian company is moving operations south of the border and doing some hiring at a new location in Holland.
Fichman Furniture makes wooden radiator covers and will be making them in an existing building which was formerly used for producing wood products. Owner Erran Fichman says the building is ideal for what the company does and has already hired some workers.
The covers are made from a wood composite called MDF which comes from just across the border in Pennsylvania.