Amended Agency Request

This request is to increase the sales tax exemption benefit as project costs have increased due to a raise in construction labor cost, materials cost as well as additional costs due to a higher quality & improved design of the interior space.  The original request approved by the ECIDA Board in Aug 2022 consisted of a $27.8 M private investment that included property, sales and mortgage recording tax benefits. The current project costs exceed $45M.

                                                                                      Previous Agency Request

The applicant, Laborers Way 1, LLC is under contract to purchase designated Brownfield land (project site) within the Buffalo Lakeside Commerce Park from the Buffalo Urban Development Corporation (BUDC). Following the property acquisition and remediation, the company will construct 2 one-story steel framed structures totaling 75,000 sq ft on the site consisting of an office building and a production building. This facility will be used for cannabis production - manufacturing, cultivating, packaging and distribution. The facility will focus on recreational and/or medical cannabis consistent with NYS laws and the Office of Cannabis Management (OCM) regulations. 100% of the products (such as oils, edibles, and extracts for adult-use) created at the site will be sold within NYS. This project is the first phase of a plan to create approx. 211,000 sq ft campus on this site, comprised of 3 buildings supporting cultivation and manufacturing operations.

• 8/2/22: Public hearing held.
• 8/24/22: Inducement Resolution presented to Board of Directors adopting SEQR with City of Buffalo Common Council as lead agency confirmation that the project will be carried out in conformance with the conditions and thresholds contained in the 2002 FGEIS.
• 8/24/22: Lease/Leaseback Inducement Resolution presented to the Board of Directors
• 9/05/24: Public Hearing held.
• 9/25/24: Amendatory Inducement Resolution presented to the Board of Directors