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In the News
If any Main Street in New York needs the help of the state’s Downtown Revitalization Initiative, it’s the one in Niagara Falls. Others may be in similarly dire condition – though it’s hard to imagine – but none cuts through the heart of a high-profile but severely underperforming tourist destination. Main Street Niagara Falls is,...
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  With $10 million in state dollars on the way, officials in Niagara Falls are hoping private investment will follow into the city’s Bridge neighborhood.  As Jim Fink of Business First points out, this move differs from the recent public spending which has been centered on boosting the city’s tourist industry. During his monthly appearance...
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By David Robinson The Buffalo News Bruce Katz is a big believer in the power of investing locally. Keeping local wealth within the region and using it to fund businesses and development projects is an essential part to building a vibrant and sustainable economy, said Katz, the co-founder of a Drexel University think tank on...
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Metrolinx will begin running nearly 150 additional or extended GO train trips weekly throughout the Greater Toronto Hamilton Area (GTHA) on Aug. 31, which represents an eight percent increase in the number of trains in service from a year ago. “We’re delivering on our promise to expand transit in Ontario by offering more service, more...
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(WKBW-TV) – Audible gasps could be heard in the ballroom at the Conference & Event Center Niagara Falls, as Governor Cuomo told Niagara Falls city leaders that they’re getting a major state grant to help redevelop their downtown area. “It is my pleasure to announce that you have won in the DRI, first place, $10...
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Governor Andrew M. Cuomo today (Aug. 14, 2019) announced that Niagara Falls’ Bridge District will receive $10 million in funding as the Western New York winner of the fourth round of the Downtown Revitalization Initiative. As in the first three rounds of the DRI, one municipality from each of the state’s 10 regional economic development...
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Blue Cardinal Capital, the Buffalo development firm that recently bought 38 parcels of real estate on and near Main Street in Niagara Falls, said this week it will soon look for tenants for some of the most intact buildings. The company also hired another Buffalo firm, Preservation Studios, to assist with plans to apply for...
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Buffalo-based Preservation Studios, a full-service historic preservation consulting firm serving all of New York State and the Greater Northeast, has been retained by an investment fund operated by Blue Cardinal Capital(BCC), as historic tax credit consultant for the recently-announced renovation and restoration of properties on North Main Street. Preservation Studios will assist BCC in identifying...
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Blue Cardinal Capital Managing Partner Bob Richardson wrote this op-ed which was published in The Buffalo News on July 25, 2019. Where I live in Canada, 45 minutes from the Peace Bridge, the population growth in Toronto referenced in a recent Buffalo News article and its effects are evident and sometimes painful. High housing costs,...
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NIAGARA FALLS, N.Y. –Blue Cardinal Capital, on behalf of its investors, has acquired an extensive Niagara Falls real estate portfolio, including many of the City’s most historically significant buildings.  The most notable building within the assembly is the former Jenss department store, an iconic feature of the old downtown shopping district of the City. This...
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