Monday Biz

February 6, 2012 Updated Feb 6, 2012 at 8:58 AM EDT

By WKBW News

February 6, 2012 Updated Feb 6, 2012 at 8:58 AM EDT

The Millennium Hotel Buffalo is booking a major renovation. A report in this week's Business First show show the hotel, next the Walden Galleria, could see 90 of its 300 rooms transformed into
suites. The other 210 rooms would be renovated, along with hallways, meeting space, the lobby and restaurant. It's all part of a proposed $5.5 million expansion at the Cheektowaga hotel. The Erie County Industrial Development Agency will hold a public hearing on Thursday to consider an incentive package. A vote could come next week. If approved, the project is expected to start this year.

Gov. Cuomo wants to limit the use of state funds for executive salaries and administrative costs. He is capping compensation at $199,000 for executives at agencies that receive state funds. It was the topic of a state hearing today. Right now, 140,000 nonprofit groups hold contracts with the state, but Business First says, in Western New York, the rule applies to less than two dozen executives. The report says eventually hospitals and even schools could be included in the rule, which would stir more controversy.

You can read more in this week's Business First.

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