Business First Report

September 27, 2013 Updated Apr 8, 2010 at 11:49 AM EDT

By WKBW Programming

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September 27, 2013 Updated Apr 8, 2010 at 11:49 AM EDT

BUFFALO, NY (WKBW) -- Walmart wants to build a new store at the Melody Fair site despite community opposition.

A third lawsuit is aiming to stop the project, but late last week, Walmart formally closed on the property in North Tonawanda. Business First says the sale price has not been filed with the Niagara County clerk's office yet. Melody Fair was last used as a summertime concert and entertainment venue five years ago and is now vacant.

An investment group is eyeing the former American Axle plant in Buffalo. American Axle and Manufacturing closed the factory on East Delevan two years ago. Now Galvstar LLC wants to use it to produce a new form of galvanized steel. Galvstar's investors include local and out-of-town interests. The $20 million project depends on incentives that would allow Galvstar to tap into a federal bond program.

Buffalo is holding steady with construction jobs. The Buffalo market ranks 25th nationally for construction jobs. The Associated General Contractors of America says Buffalo lost 2% of its construction in the past year. Of 300 cities, only ten added construction jobs. Most suffered double digit declines.