News - Page 4 of 4 - Niagara Falls Redevelopment

November 30, 2022

New MRB Group Update Details the Difference in Property Taxes over 20 years

UPDATED MRB GROUP ANALYSIS SHOWS PROPERTY TAX REVENUE IMPACT OF NIAGARA DIGITAL CAMPUS New analysis, based on actual property tax data, shows that – as the first phase of the “Data Center at Niagara Digital Campus” – “Parcel 0” would generate more than $54 million in property tax revenue over 20 years, compared to just […]

November 30, 2022

City Eyeing Federal Loan to Cover Centennial Park Land Purchase

The City of Niagara Falls may borrow from its future allotment of federal community development funds to cover the cost of acquiring the land Mayor Robert Restaino’s administration says it needs to build a $150 million “event campus” known as Centennial Park.

September 16, 2022

NU Institute’s New Report Questions Arena Plan in Falls

A report issued Thursday by Niagara University’s Global Tourism Institute questions the city’s ongoing effort to secure taxable property owned by Niagara Falls Redevelopment for the purposes of building an arena and other components of Mayor Robert Restaino administration’s $150 million Centennial Park project.

June 28, 2022

Urbacon and Niagara Falls Redevelopment (NFR) Announce Plans to Develop $1.48 Billion Niagara Digital Campus

With an estimated 5,600 construction jobs and more than 550 permanent jobs for area residents, the Niagara Digital Campus would be among the largest private development projects in the city’s history As part of the project, NFR also proposes donating public amenities to the City of Niagara Falls, including land with potential use as a […]