Urban Renewal Agency Approves Bio-Tech Development
Buffalo, NY – The Buffalo Urban Renewal Agency has given its unanimous support to the Hauptmann-Woodward Medical Research Institute to build a new four-story building in the Main-High medical corridor.
The $20 million building will be located across the street from the Center of Excellence in Bioinformatics planned by the University at Buffalo and the Roswell Park Cancer Institute.
The Hauptmann-Woodward Institute is partnering with UB and Roswell Park on the bio-tech projects. The total investment from the public and private sectors is $290 million, including $110 million from New York State. The state funding includes $8 million for the new Hauptmann-Woodward building.
"This is the absolute right thing to do for the future of our city," Mayor Anthony Masiello told agency members at their Thursday meeting. He says developing the Bioinformatics complex is a "once in a lifetime" opportunity for the city.
Groundbreaking on the new Hauptmann-Woodward building is expected in October. It will take 18 months to complete. The Institute will then move from its current facility at 70 High Street.