NFTA to Sell Small Boat Harbor

September 27, 2013 Updated Jun 16, 2011 at 7:19 AM EDT

By WKBW Admin

September 27, 2013 Updated Jun 16, 2011 at 7:19 AM EDT

Buffalo (WKBW) You may be used to seeing real estate signs in front of homes or pieces of land. But how about an entire boat harbor? The NFTA is planning on putting up the "For Sale" sign on Buffalo's small boat harbor, and an accompanying piece of property.

According to the NFTA, the land has gone from a money maker to a drain on the budget, and now the agency is looking for someone to take it off their hands.

"Looking longer term, it is going to require larger capital needs, so it makes sense to take a look at that now. Five years gets here quick enough," NFTA Executive Director Kim Minkel said Wednesday.

A spokesman for the NFTA says there is no price tag on the property, and that won't be determined for at least a few weeks. The director of the NFTA tells Eyewitness News they have no buyer in mind at this point.

"We'll see what comes in with the proposals. I just know that we're not positioned and it's not our mission to be in the waterfront development business," Minkel said.

There are two pieces of property; one is the small boat harbor, and the other has two large unused buildings along the waterfront. Since the buildings haven't been used or rented and the boat harbor does not fit into the future of the NFTA according to the Agency. But as the NFTA looks to unload land to help their budget, that leaves the future of the waterfront and some of its tenants, up in the air.

"It's unfortunate that they want to get out, and they just want to push it to someone else, but the Authority is the one to be able to run that properly," Dug's Dive Owner Tucker Curtin said.

The NFTA also says other properties may come up for sale as they look for a more sustainable future.

There will be a meeting of the NFTA Board of Commisioners to discuss the future sale of the small boat harbor, and the long term future of NFTA properties.