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Krog seeks taxpayer help for Trico reuse project

WBFO file photo

Plans to renovate the former Trico factory, in downtown Buffalo, could be shelved without more taxpayer help as the cost of the proposed project has nearly doubled.

The original $50 million estimate has shot up to over $90 million. Krog Corp. is now seeking more than $3.6 million in tax breaks from the Erie County Industrial Development Agency.

Mayor Byron Brown points out the Trico complex has sat vacant for quite a long period of time.  

"Others who have looked at have been unable to move a development forward at that site. So I think part of what Mr. Krog is saying is very valid, that it has been very difficult to develop. He has the know-how. He has the experience," Brown said.   

As an ECIDA member, Brown says he would vote in favor of the tax breaks. Krog says without the subsidies its project, which includes a 138 room hotel, a new Culinary High School, apartments and commercial space, will not move forward.