BUFFALO, NY-- The Buffalo Planning Board signed off Tuesday morning on a plan for Terry Pegula's new multi-million dollar project called Habor Center.
The approval this morning is just one of several needed steps.
On Monday, the policy committee of the Erie County IDA approved a recommendation of $24 million dollars in tax breaks for the project.
The full board is expected to meet and approve the recommendation next week.
The 170-million dollar project is expected to kick at least 200-million dollars back into the local economy.
"There's going to be a very large impact, not only for the parking but for the half a million people that we expect to visit this facility, many of whom are not going to be from this area," says Cliff Benson, Buffalo Sabres Chief Development Officer. "They're going to be from outside this region, so those are dollars into the region, they're people coming into Buffalo. And to me, it's a way we open up this watefront and make it the great asset that it can be."
The timeline for the project still remains in place. As of right now, construction is set to begin next month... And in the fall of 2014 -- the rinks, parking and retail will open.