BUFFALO, N.Y. (WIVB) - HSBC bank has set a deadline of Thursday for a land transfer on the Webster block, in Buffalo.
According to Buffalo Common Council Majority Leader Rich Fontana, the executive vice president of HSBC North America told him Tuesday morning that if a deal is not struck by Thursday, “we’re out.”
And what did the Common Council do today? They tabled the measure because there are too many questions.
Why the fuck would you give phenomenal water front property to a GOD DAMNED BANK???
---------- Post added at 05:51 PM ---------- Previous post was at 05:46 PM ----------
And didn’t we just spend millions tearing down the aud, now were going to give it to HSBC? Give em the 1.9 acres they need. Keep the rest for something worthwhile, that will also create jobs (in 2032).
The bank isn’t leaving the region. The three options are this deal, get huge concessions and renovations from Seneca One to stay in the tower, or the deal in Crosspoint by GEICO. Corporate Real Estate is playing all 3 against each other to see who gives the sweetest deal.
I would love it. Shorter commute, free safe parking, and no poor people everywhere when I go for lunch. I would prefer to keep the city out of my life as much as possible, especially when they get red light cameras. Pretty much half the staff lives in E. Amherst and the other half lives in the southtowns, so its quite the split decision at work.
I’m all for jobs but I feel the only reason they want the land is because they, like everyone else, see potential in it. Since it hasn’t been used it’s whoever can get in first and break ground who will make the money. Or just sell it off at a ridiculous premium, in which case it will sit as it always had mired in red tape.
I work at crosspoint, and they have been building something new for a few months now. Also they are preparing another land parcel for something else. I have no idea why anyone would want to work in the city…
