Campus Improvements Include Graduate Housing
By Dave Parker
The March meeting for the County of Cattaraugus Capital Resource Corporation (CCCRC) and Industrial Development Agency (CCIDA) Boards was held on Tuesday, April 26th. Board Chair Thomas Buffamante called the meeting to order. The main CCCRC topic was the bond application for Saint Bonaventure University to fund their $25 million campus improvement project. The funds for this project will add graduate housing and address multiple improvements on the campus. This major project is slated to begin later this spring. The Board approved this bond application.
Holiday Valley Capital Project
The CCIDA agenda started with a review of the Win-Sum Ski Corporation (Holiday Valley) application for a sales tax abatement for their nearly $3 million capital project. The ski resort is planning for improvements to their snow guns, a new snowcat groomer, a new roof for the inn, and improvements to the ropes course. The Board approved this application.
Senior Living Facility in Olean
The next application reviewed was for the Olean Manor Field of Dreams project to develop 30 acres in Allegany for senior living. This project will add services and amenities to include adult day care and independent living cottages. This application is for a $3 million facility improvement. CCIDA Executive Director Corey Wiktor provided an update on this application and approval will be sought from the Board in the May CCIDA Board meeting.
Other Projects
The last project application reviewed for the CCIDA was the $6 million property purchase and clean-up effort for 351 Franklin Street in Olean. This application seeks sales tax abatement and a Pilot project for the redevelopment of the land for future commercial purposes. Mr. Wiktor noted there is already interest in businesses utilizing the property when it is made available.
Mr. Wiktor and the Board reviewed multiple other projects and discussions happening with the CCIDA. Of note, the Revolution Rail group continues to explore the use of the Gowanda railroad line for their recreational rail bike excursions.
For full meeting details and other CCCRC and CCIDA updates, please visit the CCIDA website at https://www.cattcoida.com.