Bass Pro (Erie County) confirmed on January 7 that it is giving serious consideration to opening a gigantic outdoor world sporting goods store in the vacant Buffalo's Memorial Auditorium. The plan calls a $13.3 million luxury hotel as a key component in what would be a $77.5 million retail and entertainment complex. The company's preliminary plans include a $40 million sporting goods store, a $20 million Great Lakes theme museum, a $4.2 million restaurant and the sky-high hotel. The store is schedule to open at the end of 2006.
Seneca Niagara Casino (Niagara County) The Seneca Nation of Indians paid New York State $38 million in slot machine profits. The 18% profits are in accordance with the casino agreement reached with the state in 2002.
The Joint School Construction Board (Erie County) is overseeing Buffalo's school construction program. Renovation has recently begun on several schools as part of the first phase of this project. Another 13 schools will be renovated in the $200 million second phase beginning in January 2005 and be completed by September 2006. In addition thirteen schools will close over the next 10 years as part of a proposed strategic plan.
First Niagara (Erie County) plans to open four branches in 2004, concentrating on its Buffalo and Rochester markets. The bank ranked number 6 in deposit market share in the Buffalo Niagara region, and continues to look for potential acquisitions in New York State.
UPDATE: Buffalo China (Erie County) A group of local managers has proposed a $5.5 million buyout of the plant. This would preserve 175 to 200 of the 350 jobs. The new company would be renamed Buffalo Pottery and sell the tableware back to Oneida LTD. Development officials have offered a taxpayer-backed incentive to save the Buffalo China plant. The remaining hurdle to saving the plant will be a labor agreement. Workers are currently represented by the Glass, Molders, Pottery, Plastics and Allied Workers International Union.
Trico Products Corp. (Erie County) will end production at the Buffalo plant in February and close the facility by March 31. Trico has transferred its Buffalo work and European wiper blade production and assembly to plants in Texas and Mexico. Employment has dropped to 60 employees.
American Axle & Manufacturing (Erie County) and United Auto Workers are currently in contract talks. The current four-year contract expires on February 24 and covers about 7,000 UAW members. American Axle has three local facilities that employ about 2,200 hourly workers.
Thanks for the feedback! It will help us improve your experience.