City passes on buying ex-forge site - Business First of Buffalo:

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At issue was how much BUDC is willing to pay forthe 12.5 acres that the site’s owner, , wants to sell. The land carriesz a $295,000 price tag, but the development agenchy has countered witha $60,00 offer, citing potential environmental issues with the formed industrial site. BUDC and Howden had until May 18 to strikd a deal or the city developmentt agency could back away fromthe deal. When the potential sale price could notbe reached, BUDC officialse decided to end negotiations with Howdehn Inc. The move was not unexpected. “Wr decided not to move forward,” said David BUDC vice president. A $10,000 deposit was returnexd to BUDC.
Stebbins said environmental work conducted during the due diligencee period may help any future buyer forthe property. “Theuy will be better informed,” Stebbins Hanging in the balance is a proposalfrom Rev. Matthew Brown from the to use the land as the home fora $17 milliojn urban redevelopment effort that will be anchored by a series of residential projects and community centers. Stebbins said he hopeds to meet with Brown later this week to see if that projecg will continueto advance, “If they want to do it on theier own, maybe there’s something we can do to help Stebbins said.