Plans by Roswell Park Cancer Institute to begin construction on its latest medical treatment and research center has received a push.
Sen. Charles Schumer, during a Thursday afternoon appearance at Roswell Park, confirmed the federal "New Market Tax Credit" program, which had been on the chopping block last fall, was restored and because of that Buffalo's cancer treatment and research hospital can move forward with construction of a $42 million Clinical Services Center.
The 11-story, 140,000-square-foot building - planned for the corner of Michigan Avenue and Carleton Street in the Buffalo Niagara Medical Campus - is set for a May groundbreaking, now that the federal tax credit program remains in place. The program was slated to be cut during this past fall's fiscal cliff battles in Washington. It is credited for aiding a number of high-profile local projects including Mark Croce's restoration of the Statler City building and Rocco Termini's Hotel@theLafayette.
Schumer said the program allows Roswell to apply for $25 million tax credits and breaks that are crucial towards the Clinical Services Center funding and development.
"It gets it over the finish line," Schumer said.
The center will house a number of functions including those connected to breast cancer, some chemotherapy treatments and research. The new building will, for instance, allow Roswell to handle 130 chemo patients daily instead of the 70 it now handles.
Officials estimate the center will create 200 construction jobs and 340 permanent jobs.
The center is slated to open by mid-2015.