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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.


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