Log in

  

 

  • Home
  • News
  • Brownfield + NYS incentives = new 500 Seneca Street

Brownfield + NYS incentives = new 500 Seneca Street

09 Nov 2016 3:57 PM | Anonymous member (Administrator)

by Chris Caya, WBFO Public Radio (Buffalo, NY)

The name "brownfield" may not sound appealing. In fact, New York State offers incentives to clean up contaminated properties. One successful project has reopened after sitting vacant for nearly a decade.  

The former F.N. Burt building near Buffalo's Larkinville neighborhood officially reopened in February as 500 Seneca Street. Development partner Sam Savarino said adaptive reuse projects are challenging in the best of times.  

"The building had two strikes against it: being in the neighborhood it was in and the fact that it was contaminated. So without programs like the Brownfield Tax Credit program and, in the case of this building, the Historic Tax Credit program because it is a landmark building, without those types of programs it simply wouldn't happen," Savarino said.

...

For the entire article, see

http://news.wbfo.org/post/brownfield-nys-incentives-new-500-seneca-street

Search Our Website


Address:
c/o 18000 Horizon Way
Suite 200
Mt. Laurel, NJ 08054

Click to Send Us an Email


Brownfield Coalition of the Northeast is a nonprofit organization 501(C)(3) and all gifts are tax deductible to the extent allowed by law.
Every contributor to our Organization is recommended to consult their tax advisor for further information.

Powered by Wild Apricot Membership Software