$1.82 billion in development for Niagara Falls area in the works.... (Buffalo: broker, tech jobs)
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No, just responding to your comment that the people don't have a say in what happens in their neighborhood. Some people don't always get what they want, but that doesn't mean their comments weren't considered. Keep in mind, also, that the developer has a right to develop his property too
No...That’s not what I said. Yes, a developer has a right to develop their private property, but my point is that developers in a city rarely offers the chance for city residents to collectively offer suggestions for development.
No...That’s not what I said. Yes, a developer has a right to develop their private property, but my point is that developers in a city rarely offers the chance for city residents to collectively offer suggestions for development.
John R. Simon, Stavatti's chief strategic development and asset officer, who is leading the effort for Stavatti.
Simon formerly served as executive director of the NCIDA from 1997-2003. He has also been involved in other local ventures in recent years, including an effort to bring a World Weather Center to Niagara Falls.
"This is the second time Stavatti has looked to establish a foothold in Western New York for aircraft production. It previously eyed the former Bell Aircraft Co. plant in Wheatfield in 1998."
"However, it's not a sure thing. Stavatti has been engaged in a site search across North America for the past 18 months, and received responses from municipalities involving over 40 airports in 30 states and three Canadian provinces. Officials met with various U.S. governors and Canadian transportation ministers and interviewed "a tremendous number of consultants and administrators" across the country, Simon said.
So while "Niagara County and the Niagara Falls became very interesting to us," Simon said, there are several others still in play, including Myrtle Beach in South Carolina, Dayton in Ohio and Winnipeg in Canada. "This is a competitive process."
"But taxes are high in New York, and Simon said the aging complex would require significant work. The site has 10 structures in all, dating to the 1960s but in varying conditions, with old boilers, an an aging power substation and failing roof materials. Three buildings may come down. There are some tenants with month-to-month leases, including for storage, but they will not be renewed, according to the NCIDA application.
Project costs include $3.5 million for renovation, $5.8 million for new machinery, equipment and a new HVAC system, $14.025 million for prototypes, test rigs and tooling, and $1.25 million for professional and other soft costs. The firm says it will fund the project with $23.3 million in bank financing and $2.59 million in equity.
But without tax breaks, an energy incentive and "other public assistance" like construction, renovation or training benefits, "Stavatti will not locate here and change its preferred location elsewhere," the company said in its NCIDA application."
John R. Simon, Stavatti's chief strategic development and asset officer, who is leading the effort for Stavatti.
Simon formerly served as executive director of the NCIDA from 1997-2003. He has also been involved in other local ventures in recent years, including an effort to bring a World Weather Center to Niagara Falls.
"This is the second time Stavatti has looked to establish a foothold in Western New York for aircraft production. It previously eyed the former Bell Aircraft Co. plant in Wheatfield in 1998."
"However, it's not a sure thing. Stavatti has been engaged in a site search across North America for the past 18 months, and received responses from municipalities involving over 40 airports in 30 states and three Canadian provinces. Officials met with various U.S. governors and Canadian transportation ministers and interviewed "a tremendous number of consultants and administrators" across the country, Simon said.
So while "Niagara County and the Niagara Falls became very interesting to us," Simon said, there are several others still in play, including Myrtle Beach in South Carolina, Dayton in Ohio and Winnipeg in Canada. "This is a competitive process."
"But taxes are high in New York, and Simon said the aging complex would require significant work. The site has 10 structures in all, dating to the 1960s but in varying conditions, with old boilers, an an aging power substation and failing roof materials. Three buildings may come down. There are some tenants with month-to-month leases, including for storage, but they will not be renewed, according to the NCIDA application.
Project costs include $3.5 million for renovation, $5.8 million for new machinery, equipment and a new HVAC system, $14.025 million for prototypes, test rigs and tooling, and $1.25 million for professional and other soft costs. The firm says it will fund the project with $23.3 million in bank financing and $2.59 million in equity.
But without tax breaks, an energy incentive and "other public assistance" like construction, renovation or training benefits, "Stavatti will not locate here and change its preferred location elsewhere," the company said in its NCIDA application."
Interesting that he was an economic development official and also involved with multiple companies seeking tax breaks. I saw this article a couple days ago, and was stunned by the fact they have been in business 20 years, but have yet to produce a product
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Did this company move as it shows to be located in MN not Wyoming unless this is just the corporate office but they only have 25 employees across all it's locations.
I appreciate chkthankgod enthusiasm with our area as there are a lot of good things in NY - but officials here take so long deciding and considering - we end up losing these projects to other states. Plus businesses don't want to deal with these taxes and regulations here in the state.
Did this company move as it shows to be located in MN not Wyoming unless this is just the corporate office but they only have 25 employees across all it's locations.
I appreciate chkthankgod enthusiasm with our area as there are a lot of good things in NY - but officials here take so long deciding and considering - we end up losing these projects to other states. Plus businesses don't want to deal with these taxes and regulations here in the state.
A lot of it really comes down to the deals these companies get, regardless of location. Climate does go beyond taxes, as a state like MS would be booming, but it isn’t. So, there are other things to consider.
I think a problem is that we see the big announcements in other states, but we don’t know or hear about the companies that shut down or move in these other states.
This doesn’t even get into the aspect of company poaching, which just means that jobs just are shifted versus being created organically.
A lot of it really comes down to the deals these companies get, regardless of location. Climate does go beyond taxes, as a state like MS would be booming, but it isn’t. So, there are other things to consider.
I think a problem is that we see the big announcements in other states, but we don’t know or hear about the companies that shut down or move in these other states.
This doesn’t even get into the aspect of company poaching, which just means that jobs just are shifted versus being created organically.
We have seen this time and time again. Company announces "possibly" bringing jobs to WNY and it makes the headlines. Considering they didn't want Amazon even with a 10 million dollar sweetener for Grand Island, I take all these announcements with a pound of salt. I would love to see it happen, the area certainly could use it. Down here in Jax something like this, doesn't even make the news. IMHO, NYS would be better served making the area more business friendly and lower taxes, so massive public subsidies are not a prerequisite for locating here.
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