State buys Niagara Falls waterfront property it wants developed

[TexasTowelie]

A one-acre lot across the Niagara River from Goat Island has become the first acquisition under Gov. Andrew M. Cuomo's plan to buy vacant properties in Niagara Falls and open them to redevelopment.

USA Niagara Development Corp. intends to seek proposals from developers and does not plan to hold onto the lot at 305 Buffalo Ave. for more than two years.

USA Niagara, the local arm of Empire State Development, obtained money from the state's Buffalo Billion II fund to pay $850,000 for the lot. The fund includes $24 million to buy Niagara Falls properties.

"The purchase of 305 Buffalo Ave. is our first acquisition and is a unique parcel of land with its adjacency to Niagara Falls State Park and the upper Niagara River," according to a USA Niagara statement. "It is our goal to catalyze a development that is consistent with the current zoning regulations as well as physical and visual public access to the overlook and down to the river in perpetuity."

Read more: http://buffalonews.com/2017/11/22/state-buys-niagara-falls-waterfront-property-it-wants-developed/

[PoindexterOglethorpe]

1. I'm looking forward to the opportunity

to buy a condominium built into the side of the Grand Canyon.

Surely it will happen someday. Although when it does, I probably won't be able to afford one.