Sep 15
2022
Big subsidies for luxury apartments
State and local governments eagerly offering tax subsidies to a luxury, waterfront apartment project sounds like something out of a developer’s fantasy. But that’s exactly what’s happening in North Tonawanda. The Niagara County Industrial Development Agency on Wednesday unanimously approved — without debate — a $7.2 million subsidy package for a developer building 110 apartments along the Niagara River marketed as “luxurious living in elegant surroundings.” The project is a third phase of developer VisoneCo’s aims for the section of River Road just north of Tonawanda Island. The first, which is finished, features apartments, townhomes and commercial space. The second,[...]