Buffalo Urban Development Corporation

Buffalo Urban Development Corporation

Governance

Roles & Responsibilities

  1. Provide a vehicle, through acquisition, ownership, site preparation and/or public financial incentives, to stimulate private investment in regionally strategic development areas, such as the waterfront, downtown and the Buffalo Niagara Medical Campus.
  2. Implement regional priorities.
  3. Serve as a real estate holding company for public-sector development projects.
  4. Serve as a conduit for public funding for urban projects of regional significance.
  5. Serve as a liaison among public and private development entities.
  6. Provide oversight and strategic visioning for the region's urban and high-impact project agenda.
  7. Inform the formulation and setting of regional development and project priorities.
  8. Administer the proposed Regional Redevelopment Fund, Downtown Redevelopment Fund and other funds to be established for development of regionally significant projects in the County of Erie.