Buffalo Billion Initiative

[Eddie T.]

Hello my fellow New York investors. So I was watching the news today and Gov Cuomo is stating that if he wins re-election he wants to continue his Buffalo Billion initiative which will invest capital into Buffalo Ny, building a New State Park, some University improvements, some infrastructure.

http://www.buffalonews.com/city-region/albany-politics/cuomo-hochul-launch-campaign-with-rally-in-amherst-20140523

Now we all know politics so this could all fall thru and I do not want to turn this topic into a political debate I simply want to hear what other real estate investors think What will happen to the Buffalo Ny real estate market if the initiative is funded and several improvements are made to the city?

How will this affect the rental market?

Do you think this will attract more investors to the city?

Do you think this will raise prices in the city?

Do you think it wont have any effect?

I for one was not looking at any investments in the Buffalo area but if the state is going to fund substantial capital improvements to the city I may just have to reconsider that and start looking for some buy/hold properties in Buffalo!