Buffalo Urban Development Corporation (BUDC) is the City of Buffalo’s not-for-profit development agency, reclaiming distressed land and buildings for future development. BUDC seeks to attract private investment, and provides oversight and visioning for projects of regional significance. BUDC serves as a liaison among various public and private stakeholders; as a conduit for public funding of significant projects; and as a real estate holding company for certain public-sector projects.
The mission of BUDC is to support the urban economic development efforts of the region through acquisition, remediation and management of distressed properties. BUDC also engages in related real estate development activities for the purpose of attracting and/or retaining new and existing businesses to the City and region.
BUDC supports the revitalization of downtown Buffalo by serving as the lead management entity for Buffalo Building Reuse Project (BBRP) initiatives, working in collaboration with the City of Buffalo, including the coordination of financial assistance for downtown adaptive re-use projects and public right-of-way improvements.
BUDC is currently involved in several active projects in the City of Buffalo including RiverBend, Ship Canal Commons, the Elk Street Corridor, and the Genesee Gateway. BUDC also recently developed an Infrastructure & Public Realm Master Plan for downtown Buffalo. The Master Plan will serve as a guide for infrastructure improvements necessary for a more vibrant downtown. It is designed to address downtown access, the quality of the streets, streetscapes, open spaces, public art and develop better linkages between downtown assets.