NIAGARA FALLS, N.Y. — A lot of big ideas have been floated for revitalizing the City of Niagara Falls and most of them have ended the same way: in disappointment.
Residents are still waiting for Niagara Falls Redevelopment — a company owned by New York City real estate developer Howard Milstein — to do something with the 140 acres it acquired downtown as part of a 1997 Master Redevelopment Agreement with the city.
The most-recent effort to renovate and reopen the Hotel Niagara, an iconic 1920s-era building on Rainbow Boulevard that has been vacant for more than a decade, stalled last year amid financing issues.
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