buffalo billion

Jury convicts key players in Buffalo Billion corruption case

Jul 12, 2018
TWC News

A federal jury in New York has convicted key players of corruption in Gov. Andrew Cuomo's "Buffalo Billion" economic redevelopment program.

The jury in Manhattan returned its verdict Thursday after a month-long trial put a spotlight on how lucrative contracts worth hundreds of millions of dollars were awarded for redevelopment projects aimed at revitalizing upstate New York, particularly Syracuse and Buffalo.

University of Rochester

With the discussion surrounding a federal probe of contracts connected to the Buffalo Billion, there are concerns about possible effects on any related economic development projects throughout the upstate New York area.

SUNY Polytechnic Institute

Until recently, Dr. Alain Kaloyeros, leader of the SUNY Polytechnic Institute, has been the darling of Gov. Andrew Cuomo’s administration.

But now, he’s one of the figures at the center of federal and state investigations into alleged pay-to-play schemes for economic development projects and is increasingly on the outs with the administration. 

New York state, under Gov. Andrew Cuomo, has broken with past practice in trying to revitalize the upstate economy. A key part of that strategy involves shifting power for making deals and managing projects from state agencies to private nonprofits. Some of those deals are now part of an expanding federal investigation.

file photo

The first Rochester Rotary meeting of the year provided members an opportunity to assess the local economy and prospects for 2016.

Rotarians sought the insight of Rochester Chamber of Commerce President Bob Duffy.

"The needle's moving forward in Rochester; it really has a good feel.”

Duffy believes if leaders here unite, they can make good things happen. He points to the rebirth of Midtown as a great metaphor.

New York Post/WBFO

Governor Andrew Cuomo's Buffalo Billion initiative is under investigation by Manhattan U.S. Attorney Preet Bharara, according to The New York Post.

The Post is reporting the probe is focused on the multi-million-dollar contracts awarded to construct facilities for high-tech, drug development and clean-energy businesses. The paper indicates several companies involved have already been subpoenaed.