Buffalo Mall Requests Public Financing for Dunham's Project
Posted by KSJB News on 3/21/2017 7:15:00 PM.
 Mayor Katie Andersen

JAMESTOWN - The Jamestown City Council's Finance and Legal Committee took no action Tuesday on a request from the owners of the Buffalo Mall for public assistance in financing the remodeling of the the mall as it prepares for the arrival of Dunham Sports this summer.

Representatives for Dunham Sports and the Buffalo Mall were not present at the meeting. 

Mayor Katie Andersen said much of the request is protected under a confidentiality clause of the agreement between Bon Investments of Englewood, NJ, owner of the Buffalo Mall and the sporting goods retailer. Andersen said the city would have to dermine how much information could be disclosed to the public.

Under the proposal, a tax increment financing district would be established to use taxes paid on increased values of the property to pay off the bond used to pay for the improvements. A similar plan was used to draw Menards to Jamestown in 2015.

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