BUFFALO, N.Y. — Rising construction prices and supply chain issues have driven up the development costs of the former Trico Products Corp. plant in downtown Buffalo by 32%.
But the project is moving forward, said Peter Krog, chairman and CEO of the Krog Group.
The Erie County Industrial Development Agency approved $3.719 million in tax breaks at a Jan. 26 meeting. The Trico project has ballooned to $107.95 million, or 32% more than the original $82 million cost. The tax breaks were awarded to Krog’s 791 Washington Street LLC development affiliate.
Read the full story from our partners at Buffalo Business First.
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