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Thread: The question is if the market is so hot in Buffalo why is this needed?

  1. #1
    Tony Fracasso - Admin
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    The question is if the market is so hot in Buffalo why is this needed?

    Push Buffalo



    Getting property valued at "$1.14 million for $1", while getting "$2 million" in tax-payer funds "for capital construction costs"!!?? Where do they do that at!? We wish somebody would give the community a break like that. In the new 'renaissance' version of #Buffalo, the 'Buffalo of the future', more deals like these will be come the norm if we don't stand up and let our voices be heard. We have to get in the game. We have to come together and get community control of vacant land, vacant housing, and vacant properties to see the types of things we want to see in our community, before the big, wealthy developers do who don't need the money. Join us this Thursday August 30th at the West Side of Buffalo Community Congress, from 5-8pm at 429 Plymouth Avenue.Quoted:
    "The waterfront agency will sell Sinatra the two parcels valued at $1.14 million for $1, while providing $2 million to the developer for capital construction costs tied to the Prime Slip, sections of Lloyd Street, Canal Street rights-of-way and canal lighting. The state will also loan the developer $2 million through the Buffalo Billion-backed Better Buffalo Fund.

    Businessman Nick Sinatra is once again in the firing line of left-leaning civic advocacy groups, as the prominent developer delayed payment for the second time this year on several hundred thousand dollars in city taxes for a host of his Buffalo properties.
    https://www.facebook.com/push.buffalo

    Go to their page and read the full comment.


    Sinatra pays up after falling behind on city taxes – again

    Businessman Nick Sinatra is once again in the firing line of left-leaning advocacy groups, as the prominent developer was late for the second time this year on several hundred thousand dollars in city taxes for a host of his Buffalo properties.On Monday, the city's online property tax records database showed Sinatra, one of the city's largest and fastest-growing property developers, owed $297,200 on at least 74 properties in Buffalo, on bills that were due July 31.
    The taxes are now paid in full, the city's commissioner of assessment and taxation, Martin Kennedy, said Tuesday. City spokesman Michael DeGeorge said Sinatra made many of the payments on Monday, so they hadn't been reflected yet in the computer system.
    https://buffalonews.com/2018/08/28/d...ayments-again/


    The question is if the market is so hot in Buffalo why is this needed?

    Getting property valued at "$1.14 million for $1", while getting "$2 million" in tax-payer funds "for capital construction costs"!!??

  2. #2
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    If these “community activists” want to get control of these properties then they should pool their money and buy them. Of course, it’s hard to raise real money when you’re a tatted up barely literate millenial living in your parents basement nutsing around with “Secondlife” when you’re not pursuing your promising career pumping coffee at Starbucks.

    Sinatra is not the only landowner who is a late payer. The tax records are loaded with properties with taxes unpaid by Arabs and Indians. The left hates Sinatra because he’s smart and successful. The funny part is that the tax breaks of which he avails himself were for most part the products Democratic administrations. It’s just that for the most part their voters are too lazy and dumb to take advantage.
    Last edited by grump; August 29th, 2018 at 10:02 AM.

  3. #3
    Tony Fracasso - Admin
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    I understand what your saying grump. My question is if the market is so hot why must buffalo sell the property for $1. There must be a line of people willing to pay more.

  4. #4
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    Well, the market could be hot and these particular properties still may not be worth anything. A property is worth what people will pay for it. If it’s a buck it’s a buck. If the city and it’s various bogus agencies are the ones pedaling this property just what is the “community” that is supposedly to get ahold of these vacant properties. Just because a property is vacant doesn’t mean it’s not owned. What gives them the right to these properties? This is the totalitarianism that exemplifies the Democratic Party.

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