(Buffalo, N.Y.) In 1997, the Central Terminal Restoration Corporation (CTRC) took control of the 18-acre Central Terminal on Paderewski Drive in Buffalo.
Using public funds and volunteers, the group was able to clean up and repair the Central Terminal in order to host several well attended public events.
But the facility needed much more if it was going to have a future.
On Thursday, the Central Terminal Restoration Corporation revealed details of a $75-million dollar master plan to re-develop the Buffalo landmark.
Instead of developing the site as a single unit, it will be divided into four areas.
"Residential component for the tower. A mixed use facility in the concourse. A green incubator space in the baggage building. And then a transportation hub," says CTRC board member Paul Lang.
Money is already allocated to build an urban habitat on land in front of the Central Terminal. Plans calls for it to be used as a 'green' classroom for children.
CTRC Chairman Mark Lewandowski expressed hope that the site could also be used as a hub for bus and light rail transit systems.
The Central Terminal Restoration Corporation is hoping to raise the $75-million dollars through private funds or in conjunction with a developer.
The group says they need to get at least $3-million dollars in the next three to five years. The money will be used to make critical repairs to the towers brick, mortar, and roof area.
"When we get that stuff done, it will make it more and more attractive to developers," adds CTRC board member Jeff Ingersoll.