Canadian company backs out of waterfront plan

BUFFALO, N.Y. (WIVB) – A Canadian furniture company has backed out of plans to build a plant on Buffalo’s waterfront.

The Niagara Frontier Transportation Authority, which owns the 49.5 acres of real estate along the lake, says Gracious Living terminated the real property disposition agreement to buy terminal buildings A and B at 901 Fuhrmann Boulevard.

Gracious Living, which was going to be given cheap hydropower courtesy of the Niagara Hydroelectric Power Plant, would have brought 250 jobs to the city.

The NFTA says a request for proposals will be issued shortly to place the property back on the market.

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