The Cantalician Center for Learning has found a new, central location for its consolidating operations and, at the same, landed buyers for its two existing facilities.
After scouting a number of different sites, the Cantalician Center has agreed to purchase the St. Barnabas Church and parish property on George Urban Boulevard in Cheektowaga. The center will move its two operations - one on Main Street in Buffalo and the other on Eggert Road in Amherst - into the 96,000-square-foot church property. A two-story, 40,200-square-foot addition is also planned for the property.
The deal cleared a key hurdle when the directors of the Buffalo and Erie County Industrial Land Development Corp., an affiliate of the Erie County Industrial Development Agency, approved an $11 million bond sale package that will help finance the project. The entire project, unanimously approved, carries a $14.72 million price tag.
The Cantalician Center, founded in 1956 by the Congregation of Sisters of St. Felix, deals with children between the ages of six and 16 who are dealing with a wide range of developmental disabilities. It also has a preschool program for younger children.
More than 200 students are enrolled in its program.
By landing the inducement package, the Cantalician Center will be eligible for a federal tax-exempt interest rate and an estimated $147,000 in mortgage tax savings.
"We are glad to help the center by allowing them to reduce their costs of borrowing and financing," said John Cappellino, Erie County IDA director for business development.
Jeanette Tackett, the center's chief financial officer, said neither of their current two buildings will sit empty after they move. Both are under contract, Tackett said.
Besides the Cantalician Center, the Erie County Industrial Development Agency's directors approved a series of incentives for Perry's Ice Cream that will enable the Akron company to make renovations at its headquarters on One Ice Cream Plaza and also a warehouse it operates on Main Street in Newstead.
Combined the two renovation efforts represent a $500,000 investment by Perry's.
Originally, the Clarence Industrial Development Agency was going to induce the warehouse project until it was determined that the building is in Newstead and not Clarence.