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Mayor Brown Announces Three-Way Capital Spending Agreement
Contact: Peter K. Cutler
Mayor Byron W. Brown today announced a three-way capital spending agreement between the Common Council and the City Comptroller that will fund ongoing work for three significant projects in the City of Buffalo: continuing rehabilitation work at the Broadway Market, restoration of 60 Hedley Place (a circa-1854 stone farmhouse that is located in the city’s Hamlin Park neighborhood and is listed on the National Register of Historic Places) and the ongoing synchronization of the city’s traffic signals.
“These are all important projects that are underway and will contribute positively to the quality of life of our city’s residents,” said Mayor Brown. “Two of the projects are important cultural landmarks in Buffalo, while the synchronization of the city’s traffic signals is a priority of my Administration, which began in 2007 on this project and is expected to be completed by the end of 2010 (there are 660 total traffic lights in the city; we have already synchronized 100 signals and this funding will cover an additional 150-170 traffic signals).”
The monies for these projects will be funded through previously authorized, but un-issued city bonds that will be sold for specific amounts of each project and will not exceed the City Comptroller’s 2009 capital budget cap of $21.5 million.
The funding breakdown for the projects is:
“These projects will further strengthen the City of Buffalo through the continuing restoration and rehabilitation of two very important cultural landmarks and the synchronization of traffic signals on our city streets,” said Common Council President David A. Franczyk. “The Common Council was pleased to work collaboratively with Mayor Brown and Comptroller SanFilippo on this effort.”
“Certainly, quality of life is a high priority for all of us,” said City Comptroller Andrew A. SanFilippo. “I’m pleased we were able to include these three projects in our upcoming bond sale, especially the rehabilitation of the historic Broadway Market. Working together, we can continue to move our city forward.”
Since 2008, the city has invested $300,000 to cover any additional costs for the final restoration effort of 60 Hedley Place. These additional capital funds will contribute to the additional $1 million in restoration costs for this important city historical landmark.
© 2001-2011 City of Buffalo
Photos by Angel Art LTP, compliments of the Greater Buffalo Convention and Visitors Bureau. Additional photos by Adrian Roselli, compliments of Algonquin Studios