BUFFALO, N.Y. (WIVB) – The Central Terminal on Buffalo’s east side is getting a makeover. A Toronto-based developer is now raising money to give it an entire overhaul. Restoring the Central Terminal to its former glory is about a $100 million dollar project. It will likely be years until we see anything happen there. But it’s something local leaders say is well worth the hefty price tag.
David Franczyk Fillmore District Common Council Member calls The Central Terminal one of the most beloved buildings in Buffalo. He said Toronto Developer, Harry Stinson’s plans for this historic building are bigger then originally thought.
The company also wants to build 400 to 500 townhouses in the neighborhood surrounding the long-vacant east side train station. Franczyk said, “I’ts the time of the east side now to really come into its own.”
In the next six months Stinson Development will finalize their proposal. The housing plan, could add an extra $100 million investment. The area would be marketed to those that work in the medical corridor.
Stephen Fitzmaurice, Director of U.S. Projects with Stinson Development said, “There’s nothing there now, that’s where the city piles snow. That’s the best use for the land right now so there’s a couple of old buildings there we would figure out if they get reused or not or if we just tear them down.”
The terminal was once bustling with road and rail traffic. But it suffered with the decline of the rail industry in the Great Depression. Franczyk said, “You have marble of the finest materials. It was built in 1929 by two guys who were the greatest railroad designers in the country.”
Fitzmaurice said, “We’re looking at this area as an events center. And much like Hotel Lafayette, we would have three floors of hotel above and possibly throughout the tower.”
Developers call the buidling an an “Art Deco marvel.” It’s something something developers say will take time to bring back to its former glory. Fitzmaurice said, “It’s here, it’s built we need to restore it and put it back to use and that is the idea.”
The organization behind the restoration project is applying for historic grants to bring funding here. But if you’d like to donate there is a non profit campaign underway, you can find that link here.