The city and Buffalo Place Inc. have submitted a formal request to the federal Department of Transportation for a $28 million Transportation Investment Generating Economic Recovery (TIGER) grant to fund a large percentage of the next “Cars Sharing Main Street” phase. That would cover a portion of Main Street between Mohawk Street to the south side of Lafayette Square and, a portion of lower Main Street that includes Canalside, beginning at Exchange Street and heading south to Perry Street.
The entire project has a $35 million price tag, with the city of Buffalo picking up the $7 million difference between the federal TIGER grant request and the next phase’s bottom line.
Federal TIGER grant awards are expected to be announced by November.
The proposed next phases of “Cars Sharing Main Street” may be among the most important to downtown’s long-term future. The stretch between Mohawk Street and Lafayette Square will cross in front of the 10 Lafayette Building, a $42 million project being undertaken by the Hamister Group that will see the vacant Tishman Building renovated into a 124-room Hilton Garden Inn hotel, Hamister’s corporate offices and 18 apartments. That project should be completed this fall.