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MegadealsSubsidy Tracker Individual Entry
Company: Richardson Center Corporation/Richardson Olmsted Complex
Parent Company:
Subsidy Source: local
Location: New York
City: BUFFALO
Address: 400 Forest Avenue
Zip: 14213
Project Description: Finance, Insurance and Real Estate; The adaptive reuse of the former Buffalo Psychiatric Center into a hotel and architectural center. The complex is a national historic landmark.
Year: 2019
Subsidy Value: $287,809
Program Name: Industrial Development Agencies
Awarding Agency: Erie County Industrial Development Agency
Type of Subsidy: tax credit/rebate
Number of Jobs or Training Slots: 61
Wage Data: $41,000
Wage Data Type: yearly salary
Capital Investment: $55,154,000
Source of Data:
(click here)
Notes: Year is fiscal year. Subsidy value is total for the year of property tax abatements and sales tax exemptions less the net of payments in lieu of taxes. Jobs data is total current FTE. Wage data is estimated yearly salary created. See original source for further details on jobs and wage information. Description merges a general industry description with a project specific description as provided in the disclosure. Investment is total project cost.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.