Page 43 - Seneca One News Today : Breaking News, Live Updates & Top Stories | Vimarsana

It's been a year that can't end soon enough for most of us, weary of the Covid-19 restrictions that have hampered our lifestyle and caused so much economic pain. The recession has cost us about 40,000 jobs and the recovery first stalled and then went into reverse as the second wave of Covid cases hit this fall. The toll is staggering. More than $600 million in lost wages in just the second quarter alone. One of every 14 jobs has disappeared in a wave of job losses that is more than twice as severe as the region endured during the Great Recession and the 2001 downturns combined.

  Washington developer Douglas Jemal has completed his previously disclosed purchase of the foreclosed commercial mortgage loan on the Hyatt Regency Buffalo hotel, giving him the inside track to controlling yet another major piece of downtown Buffalo. Jemal did not say how much he paid the special loan servicer, Miami-based LNR Partners, which would use those proceeds to pay off the investors holding the $20.5 million securitized loan. But according to a report from industry research firm Trepp LLC, the loan “was resolved with a bigger-than-expected loss” of $10.8 million. Thatâ...

City officials are asking for ideas about how to redevelop the Mohawk Ramp in downtown Buffalo into a project that would bring commercial space and apartments to what is now a big parking garage. The city has issued a request for proposals from a "qualified developer or team" to buy and rehab the 629-space parking ramp at 477 Washington St. Officials are hoping to take advantage of its prime location by doing more with the 1.14-acre property than just park cars, but in a way that addresses both housing needs and transit demand. Bounded by Washington, East Mohawk and Ellicott streets, the agin...