historic tax credit

Local developers have been watching Washington carefully, as Republicans in the two houses put together their tax bill, with potentially devastating effects on local development.

File photo

A prominent Buffalo developer say he is disappointed to learn that Governor Andrew Cuomo will likely put his veto pen to the Historic Tax Credit bill. 

Cuomo expected to veto historic tax credit increase

Dec 13, 2012

The movement that has sparked the renovation of some of Buffalo's heritage architecture may be stalled by Governor Cuomo's veto pen.

A group representing the local business community has released its list of priorities for boosting the region's economy.

WBFO News file photo

While Buffalo Bills fans may be miffed over the team not easing its television blackout policy, Jim Fink of Business First believes the faithful may be encouraged by the progress of lease negotiations that could keep the club here for many years.

In WBFO and AM970's Press Pass conversation, Fink also discusses development prospects in downtown Buffalo.

He hears that Dinosaur Bar-B-Que, which has had great success in Syracuse and Rochester, may be opening in Buffalo.

Mike Desmond/WBFO

Governor Cuomo is being urged by local state legislators from both parties to sign a bill allowing larger tax credits for fixing up older buildings.

What's at stake are historic preservation tax credits.

That's the up to $5 million used by local developers Rocco Termini for the Lafayette Hotel and Mark Croce for the Statler City project.