By Mark Scott
Buffalo, NY – A bankruptcy judge has granted another extension to developers who are hoping to bring the historic Statler Towers back to life. The group Statler City now has until January 12th to finalize its plans for the landmark structure.
The latest concept would have the city taking title of the building. Statler City would then named designated developer. The group's attorney Robert Knoer says this is all very preliminary.
"The city said they are interested in discussing this," Knoer said. "There is no specific agreement in place. I made that clear to the judge. We have a concept in place, and we're working with the city on that concept."
Statler City is proposing to renovate the two bottom floors of the building while work on the remaining floors would depend on demand. But first, they say $5 million in public money is needed to stabilize the Statler's exterior and roof.