So is HSBC leaving Buffalo, or will Buffalo government finally not eff something up?

PolitiSUCK
21

Great update on wgrz. “Great” in that is shows the absolute unvarnished arrogance of the common council.

http://www.wgrz.com/news/local/story.aspx?storyid=81736&catid=37

Right now things are on hold, according to Common Councilman Fraznczyk. “They have no authority to call us back in 24 hours because I set the time and the date of the Special Council. The Mayor does not have the authority. I have the authority to set when the Council meeting will be held. He has no right to call the meeting. I have the right to call the date. Right now it’s going to be our next scheduled Council meeting. That’s the day after Labor Day.”

He really needed to end that “I have the authority” rant with an Eric Cartman like, “RESPECT MY AUTHORITA!”

Looks like HSBC in Amherst is looking more and more likely.

22

x2. From 5:01 PM on I have no interest in associating with any of the surrounding crowd.

Free parking here I come :slight_smile:

23

Crosspoint is much better than the Citi!

24

I have been working at 350 main for two weeks now…and everyday I hate the city more and more.

25

Lunch tomorrow?

26

Should be doable…I will txt or call you…

I got a meeting at Verizon early but that is right around the corner.

27

I feel like I could enjoy the city of Buffalo more if it was destroyed and was just an open flied next to the lake.

28

The wife’s(BOA employee) commute to Crosspoint is gonna suck even more if 4000 more ppl are headed that way lol.

29

Great so now we a have bank grabbing some of the waterfront property. I am not sure which would be a bigger draw of people/tourists, a closed Bass Pro or a bank. lol

30

i saw that quickly on the news this morning…the Erie Canal Development or whatever its called actually bought the land and is going to to turn around and sell it to HSBC…is that the deal now?

31

If we want it…

32

Sort of. They agreed to a deal stating that if HSBC formally wants the property the common council will agree to sell it to the ECHDC.

Under the agreement, the deed to the Webster Block would not be transferred to the Erie Canal Harbor Development Corp. until HSBC informs the city that it has selected the site for development. The city would retain ownership of the property if the bank does not build on the land.

Based on Buffalo’s history of obstructionism with the waterfront (“Hi Senecas, we’re going to sue to force you to build here instead of Cheektowaga, only to turn around and sue to prevent the casino”) I’m not sure if this will be enough to convince HSBC to pursue the development. Yeah, right now the common council says they’ll sell the land but nothing prevents them from dragging their feet and holding it hostage to some stupid community benefits agreement should HSBC try to move forward. What they should have done was signed over the 2 acres last night which would have taken them out of the hands of corrupt Buffalo politicians.

33

Yeah, this way Larry Quinn can line his pockets as well as Byron Brown.

34

Who’s this we? You a majority owner of HSBC now! woot woot

35

Hell yeah, at the moment I own 2310 shares.

Out of 3.5 billion :frowning:

36

hey thats still a good chunk of change

37

So you have like ~$125,000 in HSBC shares? you need a more baller house

38

No, the american shares are actually 5 regular shares, I have the regular ones traded on the London exchange. Divide that by 5.

39

that makes me sad :cry: I wanted hookers and blow

40

I spent all my hookers and blow money on granite countertops :sadwavey: