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Council presses administration for new holdover contract and long-term RFP for Erie Basin Marina
Summary
Council members criticized the current marina contract as poorly written and pressed the mayor and corporation counsel to craft a short-term holdover agreement with stronger reporting, clearer revenue terms and capital-investment provisions, and to move a long-term RFP that would require capital improvements and benefit Buffalo residents.
Council members at the finance committee sharply criticized the existing Erie Basin Marina contract as financially unfavorable to the city and asked the mayor to direct the law department to draft a short-term holdover agreement ahead of a long-term request for proposals.
Councilmember (and the committee chair for the district) said the current 10-year arrangement had allowed the operator to keep most gross revenue while the city bore capital costs. "An operator made $10,000,000 close to and paid the city of Buffalo $950 — that's a slap in the face to taxpayers,"…
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