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Development Group Approves Bond Sale for New Buffalo, N.Y., Research Center.
Byline: Chet Bridger
Aug. 14--Downtown Buffalo, dotted with buildings dating to the early 1900s, is on the verge of seeing a state-of-the-art, glass and steel, medical research complex rise in its medical corridor core.
Construction is scheduled to begin next month on a $24 million structural biology center for Hauptman-Woodward Medical Research Institute on Washington Street.
The Erie County Industrial Development Agency approved a $7 million tax-exempt bond sale Wednesday for the building. The ECIDA serves as a conduit to the bond market, and collects a fee for the service.
The bonds will be sold to investors and paid back by …
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