Buffalo Business Report - Friday, February 3rd 2017

February 03, 2017 - 12:18 am
791 Washington Street LLC, the entity The Krog Group formed to redevelop the Trico Building, has filed a second response to the Buffalo School District’s RFP for a new Emerson High School.  In December, without explanation, the school district canceled its agreement with Krog under the original RFP.  Krog is seeking reimbursement of more than $1 million in preparation costs it incurred as the preferred developer since early 2016.  At the same time, Krog also moved ahead with the Trico Building’s redevelopment should it not include Emerson.  That took the form of an application to the Erie County Industrial Development Agency, expected to be discussed March 22nd, for sales and mortgage tax abatements.

Business First reports that Roswell Park Cancer Institute will announce its latest spinoff today.  It's part of a continuing plan to commercialize technology and ideas coming out of its research labs.  Roswell has launched more than half a dozen companies over the past decade.

Snap Inc., owner of the popular disappearing-messages service Snapchat, seeks to raise up to $3 billion in an initial public offering.

Honda says profit jumped 36 percent for its third quarter, while quarterly sales edged down 3 percent.
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