NIAGARA FALLS DEVELOPERS FORUM
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1 NIAGARA FALLS DEVELOPERS FORUM
2 1 Mayors Welcome 5 Available Sites 2 USA NIAGARA 6 Financing AGENDA 3 BOA Program 7 6Done Deals 4 Master Plan 8 Bus Tour / Lunch
3 New Attitudes, New Niagara Falls Paul Tronolone, USA Niagara
4 USA Niagara Development Corporation
5 THE NEW NIAGARA MORE THAN attracts more people to visit and stay longer VISITORS CONTRIBUTE 13.5 $2.6 VISITORS BILLION TO WNY PARKS EVERY YEAR TO REGIONAL ECONOMY EACH YEAR MILLION
6 THE NEW NIAGARA and attracts people to live...
7 THE NEW NIAGARA and work here.
8 THE NEW NIAGARA keeps companies and attracts new ones.
9 THE NEW NIAGARA has a fully accessible waterfront
10 THE NEW NIAGARA and a vibrant downtown for visitors AND residents
11 THE NEW NIAGARA that is FUN!
12 THE NEW NIAGARA makes economic development decisions locally... Over 30 Members across 5 Counties Allegany, Cattaraugus, Chautauqua, Erie and Niagara Counties Regional Planning Consolidated Funding Applications Buffalo Billion
13 THE NEW NIAGARA makes economic development decisions locally... Empire State Development Subsidiary Focus on Niagara Falls Tourism Help Implement City s Comprehensive Plan Economic Development & Community Development
14 THE NEW NIAGARA Tourism bright future. SUSTAINABLE ECONOMIC GROWTH High Potential Sectors Key Enablers Entrepreneurship
15 Why It s Important Assets Challenges Tourism a significant job creator (15 jobs per $1 M tourist spend) and is growing faster than the economy (5% p.a.) Region s natural and cultural assets match the needs of the largest, fastest growing customer segment (outdoor adventure/ heritage) Niagara Falls attracts more visitors annually than many national parks (9 M vs. 4.4 M in the Grand Canyon) Multiple cultural assets exist in the region from Fort Niagara to the Buffalo museum and theatre districts, to the Erie Canal, to various National Historic Landmarks Fewer tourists stay overnight (21% in Niagara vs. 28% in Grand Canyon) and spend less (US Niagara: ~$159/day; Ontario Niagara: ~$225/ day) High returns to marketing spend (5:1), but current spend is low (a third of Pittsburgh) Limited tourist amenities exist near the Falls
16 legacy of urban renewal and highways
17 THE NEW NIAGARA sustainable downtown neighborhood in a globally-significant park along a fully accessible waterfront
18 Niagara Falls State Park Denser, More Mixed-Use Downtown Development
19 demonstrates that THE NEW NIAGARA change is possible
20 THE NEW NIAGARA restores the urban fabric
21 THE NEW NIAGARA and trains and fosters future entrepreneurs.
22 THE NEW NIAGARA fills in the downtown landscape 800+ NEW/IMPROVED ROOMS 60K SF RESTAURANT/RETAIL 100K SF ENTERTAINMENT Downtown Hotel and Mixed-use Developments
23 THE NEW NIAGARA brings our waterfront to life. $20 MILLION STATE INVESTMENT Robert Moses Parkway South/Riverway Project Reconnects Downtown to the Niagara River and its rapids New Gateway to City & Park Was integral in leveraging millions of dollars in hotel investments
24 THE NEW NIAGARA Robert Moses Parkway North Removal Main Street to Findlay Drive 135-acre, fully-accessible ribbon of green space along the Niagara Gorge rim Access to 400 acres of wilderness within Gorge Largest expansion of green space here since Frederick Law Olmsted helped create the Niagara Reservation in 1885 brings our waterfront to life. $42 MILLION STATE INVESTMENT
25 THE NEW NIAGARA promotes adventure and exploration to extend visitor stay 11 MILES OF WATERFRONT ON THE UPPER AND LOWER NIAGARA RIVER WITH 4 STATE PARKS AND UNDERUTILIZED STRUCTURES Niagara Falls Parks Programming
26 THE NEW NIAGARA is a city for the 21 st century.
27 a city in a park
28 with a vibrant, mixed-use downtown
29 and seamless connections to the water s edge
30 the very best marriage of the natural and the built
31 USA Niagara Development Corporation Thank You.
32 Background of BOA Program Chris Bauer, NYSDOS
33 Brownfield Opportunity Areas Program An Office of New York Department of State November 1, 2016
34 November 1, Brownfield Opportunity Areas Program An Office of New York Department of State
35 November 1, Brownfield Opportunity Areas Program Provides communities with tools to revitalize neighborhoods affected by known or suspected brownfields An Office of New York Department of State
36 November 1, Where we work $45M BOA grants awarded 176 grants 90 open grant contracts 120 BOA study areas Over 50,000 acres More than 5,000 brownfields An Office of New York Department of State
37 November 1, BOA Nomination Clear community vision Identify key redevelopment opportunities Predictability for development community Direction for public investment An Office of New York Department of State
38 November 1, Designated BOAs Secretary of State designates BOAs Designation benefits: BCP tax credit bump-up Priority and preference Ongoing DOS support City of Rome Lewis County City of Batavia Village of Macedon City of Rochester City of Rochester City of North Tonawanda City of Jamestown Town of Babylon Greater Jamaica SoBRO Town of Fort Edward Oswego County Oswego County Syracuse City of Cohoes Broome County Broome County City of Glen Cove UPROSE Geneva Lockport North Hempstead Niagara Falls Olean Rotterdam Downtown Rome Lyons Falls Batavia BOA Waterfront & Downtown LYLAKS Vacuum Oil S. Genesee River Tonawanda Island Chadakoin River Central/Eastern Wyandanch Downtown Greater Jamaica Port Morris, Harlem River Northeast Industrial Oswego Canal Corridor City of Fulton BOA Hiawatha Lodi Cohoes Boulevard Endicott Johnson Industrial Spine Brandywine Corridor The Orchard Neighborhood Brooklyn, Sunset Park Geneva, North End Lockport New Cassel Niagara Falls Highland Community Olean Northwest Quadrant Rotterdam Junction An Office of New York Department of State
39 November 1, Benefits of BOA Designation Priority and preference DOS support Brownfield remediation tax credits An Office of New York Department of State 7
40 November 1, BOA Status Last BOA grant awards made in 2013 Developing RFA for new funds proposed in budget Anticipate streamlining program and increasing predevelopment assistance Three pending designation requests, at least ten more expected in 2016 An Office of New York Department of State
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