Tag Archives: United Office Building

Paladino Hates Subsidies to _Other_ Developers

22 Sep

Carl's Insult Billboardatorium

Consider the irony – the better word, really is “chutzpah” of poor, downtrodden Carl Paladino complaining mightily about the $5 million the city of Buffalo will be granting its favored developer, Mark Croce, to rehabilitate the Statler.

The irony stems, of course, from the fact that Paladino’s real estate empire would crumble if he suddenly lost all of his government leases, and wouldn’t have grown to where it is today without upwards of $12 million in tax subsidies.  It’s not every company that has the political clout to receive $1.4 million in tax subsidies in order to invest only $1.1 million into a few Buffalo properties and creating exactly one job – $3 million from the Empire Zone program altogether, with a gain of only 25 jobs.  He bought access to those programs with his generousness to politicians and candidates, yet he’s on the outs with the Brown Administration, so now he’s going to disingenuously try and prevent a competing developer from getting public money to rehabilitate an historic downtown building.

Carl was Masiello’s favorite. How many questionable last-minute-on-Friday demos did Carl get under Tony’s watch? Now, others have taken his place and Carl is having none of it. Carl’s access to the Buffalo News used to be as wide as an airport hangar. Now he’s engaged in a blood feud with publisher Stan Lipsey, who permitted his reporters to actually investigate Carl’s business and political dealings.  Had it been up to Paladino, the Webb Building would have been razed instead of rehabilitated by Rocco Termini with historic tax credits.

Paladino’s understanding of “private sector initiative” is which politician is in whose corner.

The irony is delightful.

Paladino threatened to seek an injunction against the city’s Statler subsidy to Croce.

Croce dismissed the threat. “Good luck with that. I’ll see you in court, Carl,” he said during a separate interview. “Anybody can sue in this great country if they want. I’ve seen Carl waste a lot of money on frivolous lawsuits.”

Of course, in Niagara Falls, Paladino’s Giacomo is one of the few downtown “jewels”.  Paladino bought the United Office Building for $1.00 and reportedly rents space in it to Empire State Development for $15/SF. The going rate in downtown Niagara Falls is more like 1/3 of that amount.