Downtown Building Up for Sale

September 27, 2013 Updated Jun 25, 2010 at 7:20 AM EDT

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September 27, 2013 Updated Jun 25, 2010 at 7:20 AM EDT

The downtown Buffalo headquarters for BlueCross BlueShield of WNY could be going up for sale. A report in today's Business First says the owner, Duke Realty Corp., is pitching the sale to a select group of potential buyers. The building is only three years old. More than 1,300 people work there. The report says a sale would not impact workers or blue cross operations. It says the site could go for more than $80 million. International firm Jones Lang LaSalle will handle the sale. The firm also conducted an online auction for the Olympic Towers last month. That building is now for sale for $3.9 million.

As of June 30th, NYS' Empire Zone Program will be replaced with a new Excelsior Jobs program. A report in today's Business First shows how Empire Zone tax credits can save a developer up to 20 percent, so they are furious. Developer Rocco Termini tells Business First "the governor has basically written off central business districts." Mayor Byron Brown says the replacement program "doesn't even come close." Governor Paterson is also considering delaying the Historic Tax Credit program for financial reasons.

You can read more in today's Business First.