From the Buffalo News:
The Niagara County Industrial Development Agency granted an unusual tax break Thursday that will allow a Canadian company to avoid property taxes for five years on a Niagara Falls hotel to help it buy and rebuild the closed facility.
The developer, Merani Hospitality, must meet certain levels of investment to receive the full tax break for five years on the former Fallside Hotel at 401 Buffalo Ave.
The tax break is also tied to another project by the same hotelier to buy and reopen the former Inn on the River at 7001 Buffalo Ave.