Re: Multi Million $$ NU Investment Becomes Trinket Store -- Niagara Sports

[ Show ]

Support VoyForums

[ Shrink ]

VoyForums Announcement: Programming and providing support for this service has been a labor of love since 1997. We are one of the few services online who values our users' privacy, and have never sold your information. We have even fought hard to defend your privacy in legal cases; however, we've done it with almost no financial support -- paying out of pocket to continue providing the service. Due to the issues imposed on us by advertisers, we also stopped hosting most ads on the forums many years ago. We hope you appreciate our efforts.

Show your support by donating any amount. (Note: We are still technically a for-profit company, so your contribution is not tax-deductible.) PayPal Acct: Feedback:

Donate to VoyForums (PayPal):

Thursday, December 26, 06:08:18pm

[ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: [1], 2, 3, 4 ]

Subject: Re: Multi Million $$ NU Investment Becomes Trinket Store

Author:
Phillyeagle

[ Next Thread | Previous Thread | Next Message | Previous Message ]

Date Posted: Friday, October 18, 03:10:49pm
Author Host/IP: c-73-81-233-189.hsd1.pa.comcast.net/73.81.233.189
In reply to: RCM 's message, "Multi Million $$ NU Investment Becomes Trinket Store" on Friday, October 18, 10:13:56am

The project developer, Montante, probably owned the building with Niagara U being a tenant.
This is prime example that a single building in the middle of a blighted area will never do much. I guess NU didn’t learn their lesson when they purchased that church building off Main Street a few years ago. Even worse, that building has no visibility on Main Street and can stay hidden in the trash of the neighborhood.

[ Next Thread | Previous Thread | Next Message | Previous Message ]

Replies:

[> Subject: Re: Multi Million $$ NU Investment Becomes Trinket Store

Author:
RCM
[ Edit | View ]

Date Posted: Friday, October 18, 03:32:36pm
Author Host/IP: syn-045-046-140-085.res.spectrum.com/45.46.140.85

Montante had the apartments above them. When NU went to Montante to break their lease TM told them to pound rocks. NU then subleased it (or some similar arrangement) to a sight seeing company. There also remains the question of the claw back agreements all the grants NU got to help fund the project..

You are correct. NU thought that kids from NU would come down there for various things. That never ever took off. They had really good people working there. Pat Whalen who has been very successful in the business incubation ecosystem was there. He and the Director left a few years ago about a week apart. The Director is now in a great roll at M and T bank.

Cutting staff and programs on campus and buying abandoned buildings in rough parts of Niagara Falls seems to be a pretty unique strategy.

It is a shame to see the failure of TREC and the project. It had a ton of potential.