These strategies are driven by the city’s desire to compete in the global race for talent, while also ensuring a diverse and inclusive workforce, Brown told a crowd of more than 2,000 in the Buffalo Niagara Convention Center as he talked about efforts to use data so solve problems and become the nation's leading "smart city."
Though often short on details, which presumably will come later, Brown outlined a variety of proposals, including:
- The Accelerator Buffalo Fund, a $40 million fund for infrastructure improvements that are critical to attracting new businesses and workers to the city, Brown said. The $40 million includes $15 million in tax exemptions that developer Douglas Jemal, the owner of Seneca One tower, is foregoing and directing to the fund. The city is committing another $25 million, Brown announced Thursday.
"So it's not just streets, sidewalks and parks. Now we have to put in a lot of technology now that everybody expects," Brendan Mehaffy, executive director of the city's Office of Strategic Planning, said after the speech.
The agreement will be introduced to the Common Council for its approval in the coming weeks.
- A Mobility Fund, financed by selling the Fernbach Ramp to Main Place Liberty Group for nearly $20 million. Those dollars will be committed to initiatives that focus on transportation, like enhancing the Buffalo Roam mobile parking app, adding parking spaces and providing technology for "dynamic parking pricing," in which parking prices could change throughout the day based on demand to ensure there is available parking for everyone, Mehaffy said. It will alleviate transportation burdens on commuters to downtown Buffalo, Brown said.
"We have the funds. Experts are coming in. We'll be talking about how do we spend the money," Mehaffy said.
- A remade Main Place Mall, with Brown announcing that owner Patrick Hotung intends to transform the location, which has lost much of its retail over the years, into a state-of-the-art office complex to attract tenants from Buffalo's growing research and information-based economy, which is being driven by companies like ACV, Campus Labs, Athenex, Flora, Thinking Robot, REAC and Tesla.
- Buffalo's Race for Place, a new initiative to foster public-private partnerships like M&T Bank's plan to have 1,000 employees working at the tech hub it is creating inside Seneca One tower. The Race for Place campaign is being led by the Buffalo Urban Development Corporation and will seek other public-private partnership opportunities to create critical mass and vibrancy and match the interior enhancements already underway at downtown locations, Brown said.
As he outlined new initiatives and funds to enhance the city, one thing the mayor did not talk about Thursday was how to replenish the city's cash reserves, which have dwindled in recent years. The comptroller, rating agencies, the city control board and some on the Common Council have all expressed concern, even as the mayor on Thursday described the city as "strong and getting stronger."
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