MAYOR'S TASK FORCE CHARTS NEW COURSE FOR BROADWAY MARKET
July 10, 2000
Contact: Peter K. Cutler (716) 851-4841

BUFFALO (7/10/00) - Mayor Anthony M. Masiello today, joined by Cit Comptroller Anthony Nanula, Common Council President James Pitts and Fillmore District Councilmember Karen Ellington, announced a restructuring plan for the Broadway Market that will help the Buffalo landmark maintain its presence in the Fillmore District, as well as ensure proper management of the market.

"First and foremost, the objective of the Task Force was to stabilize the management of the Broadway Market and reassure the existing tenants and loyal patrons that the market would be run effectively and efficiently," stated Mayor Masiello. "The consensus of the Task Force has resulted in a new management plan that includes the amendment of the market's by-laws, which creates a new thirteen member Board that will emphasize a more professional management structure for the market. The key is that all of the market stakeholders came together to help save this urban icon. The Broadway Market will not only survive, it will thrive."

The attached Task Force fact sheet delineates the key elements of the restructured Broadway Market management plan. An important element of the plan is the participation of the Buffalo Niagara Partnership, which will provide a Strategic Business Plan for the market.

In addition, the city will amend the Lease Agreement with the Broadway Market Management Corporation, which will help bring economic stability to the market as the city takes over the cost of utilities until such time as the new board is operational. Also, Erie County Legislator Greg Olma has identified county funds that can help alleviate some of the financial pressures on the market and its tenants.

"Thanks to the members of the Task Force, particularly, Council President Jim Pitts and Councilmember Karen Ellington, we have achieved our collective goal: saving the Broadway Market," said Mayor Masiello.

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