Land Sales Deal Reached for $1.7B High Tech Manufacturing Hub

BUFFALO, NY—The State of New York and the City of Buffalo have reached an agreement on the sale of 88 acres of city owned property that will be the future home of the Buffalo High-Tech Manufacturing Innovation Hub at RiverBend.

The sale price for the parcel is $2.5 million and will allow New York State to build a $225-million complex that will host California-based high-tech energy companies, Soraa Inc. and Silevo Inc., that will collectively invest $1.5 billion into the project and establish their major operations in Buffalo. State officials report the project will create 850 permanent jobs and at least 500 construction jobs. RiverBend is the site of a former Republic Steel manufacturing facility.