[From niagara-gazette.com]
Due to dwindling cash reserves, Niagara Falls’ senior planner has called for a freeze on commercial grant and loan applications through the city’s NFC Development Corp.
In what Senior Planner Thomas DeSantis said were tentative numbers, he reported the development corp.’s board had $475,500 in funds available for 2015 and no sign of capital replenishment within the year…
READ THE FULL ARTICLE HERE: http://www.niagara-gazette.com/news/local_news/funds-falling-short-for-city-s-nfc-development-corp/article_f24e0bfb-a1b1-50da-9793-ebadcdd89e84.html
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