Downstate, Buffalo had just been referred to as a place you would not want to go, but upstate, the city steeped in architectural history was celebrating a new era for one of its most historic structures. In a ceremony Wednesday afternoon, Statler City LLC, led by developer Mark Croce, officially took ownership of the Statler building.
"For only having decided to put on a deed-signing event two days ago, there was a tremendous turn-out. So many people have taken an interest in the building. We were standing room only, it was incredible," remarked Croce on the event's turnout. In addition to the over 100 guests, the County Clerk Kathy Hochul was on hand to ensure the transfer went smoothly as well as County Executive Chris Collins, Buffalo Mayor Byron Brown, and Ellicott District Councilmember Darius Pridgen all of whom spoke briefly on the building's bright future.
County Executive Collins deemed the sale a "proper collaboration" between the private developer and the city and state governments, both of which are viewed as potential sources for the millions of dollars that will be needed to stabilize the ailing structure.
"There are immediate issues to address on the outside," said Croce. "Ice dams have formed on the roof due to the lack of heat in the building causing a serious water problem. I have had crews up there the past few days to temporarily fix the problem. Water has seeped into the ballroom. Once spring comes we'll get the roof redone."





I realize the two have little relation, but I really dislike the timing of Bloomberg's comment, and the next day Verizon saying they have no interest in Somerset. Do you think Ms. Rizzo has any idea how much 4 Billion is?
As for the Statler... let's hope he pulls it off.
ben, yes Verizon would have invested $4B if they built the data center here but that's specific to their business model.
And yes this area needs jobs, but should it be a blank check?
Over $600M in public subsidies from NY state in return for 200 jobs?
Over $3M public subsidy per job? Sensible?
http://www.buffalonews.com/business/article252227.ece
"Few, if any, companies doing business in Western New York spend more money to influence state and local politicians than Verizon Communications. And none has come close to the $614 million in subsidies -- at $3.1 million per job -- that the company is poised to receive in exchange for building a proposed data center in Niagara County."
Its more than just jobs. It is the utility payments they make to NYSEG, it is the taxes they will pay to NY. It is the jobs that it would create that will not come to WNY without the subsidy paid by NY. Bloomberg is dead on with his assessment that we have free space that no one wants.