Milstein Project Founders Upstate

The Buffalo News reports on how developer Howard Milstein, who held onto a Times Square property for 20 years before selling it for allegedly 65 times the original price, is doing something similar in Niagara Falls–well, except for making such a hefty profit. But that city’s Mayor is getting itchy that Milstein’s company has held an exclusive development contract on 142 acres downtown for 10 years and not built anything.

“Stevie Wonder and Ray Charles could tell there’s nothing going on there,” one disillusioned Niagara Falls City Council member said.

- Matthew Schuerman