The Largest Weekly Commercial Investment Real Estate Newspaper in the State
 
NEW YORK REAL ESTATE JOURNAL
ReJournal.com - The Northeast's #1 resource for commercial investment real estate.
home

Sponsors

TR Winston M Robert Goldman Crest Group Newman Space Technology Barcel Group

Mayor Brown introduces "5 in 5" Demolition Plan

1400 Commerce Parkway - Lancaster, NY
1400 Commerce Parkway - Lancaster, NY

Buffalo, NY Mayor Byron Brown recently launched his new "5 in 5" Demolition Plan. The plan targets demolishing over 5,000 structures in five years.

The estimated cost of this initiative, over five years, is $100 million, with an anticipated contribution of $60 million from NYS, $20 million from the city, $15 million from the federal government and $5 million from a city-community matching fund program (city will match goal of $2.5 million raised from community funding sources).

"The '5 in 5' Demolition Plan will be an accelerated, comprehensive, citywide attack on the dangers and blight of vacant structures," said Brown. "Buffalo's high vacancy rate is a serious problem that must be treated aggressively and the new '5 in 5' Plan will do just that."

Post your opinion >>

Please login to post comments.







Commercial Real Estate Community TV

Story Tools

Property Database - Free to List, Free to Search, Click Here!