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WALDEN GALLERIA LAST WEEK.
DETECTIVES ARE SEEKING TIP CALLS
AT 686-3520.
IT'S THE FUEL THAT SAVES
OBLIVION. NEWS 4'S ANTHONY CONGI
REPORTS BUFFALO HAS A SURPLUS OF
THOSE ARCHITECTURAL TREASURES
BUY A SHORTAGE OF TAX CREDITS TO
PRESERVE THEM.
ALL ACROSS BUFFALO ARE
REMIND US OF BUFFALO'S GLORY
DAYS. BUT SENATOR CHARLES
SCHUMER BELIEVES THESE HISTORIC
BUILDINGS COULD THRIVE ONCE MORE
WITH A LITTLE BIT OF HELP FROM
UNCLE SAM. THE SENATOR TOURED
SOME OF BUFFALO'S TOP
DEVELOPERS... AND LATER
EXPLAINED HOW TWO TAX CREDITS
COULD BRING NEW LIFE TO DOWNTOWN
((BUFFALO HAS A PROUD HISTORY OF
INNOVATION, IT HAS A WORK FORCE
STANDING BEHIND ME ARE GREAT
MINDS IN DEVELOPMENT, PEOPLE WHO
REALLY KNOW HOW DO THINGS AND
HAVE PROVEN THEMSELVES OVER AND
OVER AGAIN.AND THEY ARE ONE OF
THE KEYS TO UNLOCK THE FUTURE OF
THE CITY OF BUFFALO )) SENATOR
SCHUMER WANTS TO EXTEND THE NEW
MARKET TAX CREDIT, WHICH EXPRIES
MORE YEARS.
FEDERAL HISTORIC TAX CREDIT FROM
20 TO 30% OF INVESTMENT COSTS
DOLLARS. DEVELOPERS WOULD USE
THE EXPANDED TAX CREDITS TO
FINANCE RESTORATIONS OF THE
AM&A'S BUILDING, THE RICHARDSON
((THIS IS THE 18TH FLOOR OF THE
STATLER. YOU CAN SEE IT NEEDS
BOTTOM THREE FLOORS HAVE
RECENTLY BEEN RENOVATED, BUT THE
OTHER 15 COULD LOOK THE SAME IF
ISSUED.))
CONTINUE BUFFALO'S DEVELOPMENT
MOMENTUM.
DEVELOPMENT, HISTORIC REHAB,
ADAPTIVE REUSE IN THE CITY OF
THINK WE HAD IN THE PRIOR 15 OR
20 YEARS )) THE TAX CREDITS
FEDERAL BUDGET... BUT THE
SENATOR SAYS THE CREDITS WILL
((IT'S ESTIMATED FOR EVERY ONE
DOLLAR OF TAX CREDIT THE FEDERAL
GOVERNMENT GIVES, WE GET 12
DOLLARS IN PRIVATE INVESTMENT))
THESE TYPES OF TAX CREDITS HAVE
FINANCED RECENT RENOVATIONS OF