[CPEO-BIF] Former Trico plant, Buffalo, New York

[Lenny Siegel <lsiegel@cpeo.org>]

Key hurdles cleared for $54 million Trico project
The former Trico plant in Buffalo is eyed for a new look by Krog  
Corp. (file photo)

by James Fink
Buffalo Business First (NY)
April 17, 2015

Having secured definitive answers on two key issues, Krog Corp. is  
advancing its plans to turn a former Trico windshield manufacturing  
plant in Buffalo into a mixed-use development.

At issue was whether New York’s brownfield tax credit program would  
be extended and whether the $54 million project would receive federal  
historic tax credits from the National Parks Service. Both incentives  
are needed to make the project financially viable.

State lawmakers, during the just concluded budget session, enacted  
legislation that keeps the brownfield tax credits in place for the  
next 10 years and, almost at the same time, federal officials signed  
off on the historic tax credits. Krog officials spent more than 15  
months securing the historic tax credits.

...

For the entire article, see
http://www.bizjournals.com/buffalo/news/2015/04/17/key-hurdles- 
cleared-for-54-million-trico-project.html

--

Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org

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