Buffalo Parking Deal Brings Big Cash | Buffalo News

Buffalo just cashed in big time—selling four downtown parking ramps for $62 million, with $30 million upfront—to end the fiscal year on a strong financial note. The move, once called a “gimmick” by current Mayor Sean Ryan, became necessary after borrowing plans fell through. The ramps—Augspurger, Adam, Turner, and Fernbach—will keep running under the same operator, BCAR, so daily users won’t notice much change. Though officials expected over $2 million in annual revenue, IRS rules block that. Still, with this sale, recent budget moves, and state aid, Buffalo’s finances are looking much brighter. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/583a3c113e13008f