Oct 29
2014
Sabres score big subsidies at HarborCenter
The Buffalo Sabres like to point out that HarborCenter, which opens later this week, is privately financed to the tune of $172.2 million. Left unsaid is that the complex is also publicly subsidized, enjoying an estimated $57 million in local and state tax breaks. That makes HarborCenter one of the most heavily subsidized downtown development projects in recent history. The project – which includes two ice rinks, a hotel, two restaurants, shops and a parking ramp – is projected to employ the equivalent of around 425 full-time workers. The $57 million in tax breaks works out to about $134,000 per[...]