P3 spearheads neighborhood revitalization in Western New York
By co-investing in projects and programs aimed at improving economic conditions to benefit these communities’ residents and businesses, the partnership will maximize social and economic impact in these three Western New York cities.
- $180 million effort in Buffalo focusing on an expansion of projects and programs being conducted on its historic East Side, including undertaking major portions of long-term capital projects, such as: more than $60 million for the Buffalo Central Terminal and its steward organization; $37 million for Broadway Market capital improvements and to set up a not-for-profit operating entity; major investments in the Michigan Street African American Heritage Corridor; and to restore historic greenhouses at Martin Luther King Jr. Park.
- $40 million effort in Niagara Falls that will supplement initial funding growing out of local planning efforts, including a $19 million program focused on food entrepreneurship anchored around its historic City Market area along Pine Avenue; a $15 million program to restore, highlight and promote various heritage, and community anchor facilities; and $5 million of small business assistance programs in the commercial district target areas.
- $80 million effort in Rochester, which could include major additional investments in that city’s ongoing waterfront efforts, such as ROC the Riverway and High Falls State Park; further support/expansion of a multi-faceted workforce training programs/facilities; and targeted small business assistance along commercial corridors in its most disadvantaged neighborhoods.