New York State Division of the Budget

The directors reviewed and approved the operating and capital budgets for the 2026-2027 fiscal year, which include provisions for property management, maintenance, and environmental remediation at Parcel 8. Additionally, the Board authorized a contract amendment with Fleming Lee Shu Inc. to provide continued environmental consulting and remediation services over a two-year period.

The directors reviewed and approved the operating and capital budgets for the corporation for the 2026-27 fiscal year. Additionally, they discussed and approved an amendment to the 2025 operating and capital budgets for the Niagara Falls Convention and Conference Facility, which included a transfer of funds to facilitate the replacement of banquet chairs. Finally, the board approved the calendar year 2026 operating and capital budgets for both the Niagara Falls Convention and Conference Facility and Old Fall Street.

The directors reviewed and approved the operating and capital budgets for the fiscal year 2026-2027. The discussion highlighted a slight increase in operating expenses related to salary, benefits, and insurance costs, alongside a capital budget allocation of $39,711,278 intended for project development, design consultant services, and ongoing facility maintenance.

The directors reviewed and approved the organization's operating budget for the upcoming fiscal year, noting a 15% reduction compared to the previous budget through shared resources and cost efficiencies. The board ratified an emergency action to amend and extend a maintenance contract for the Albany Street Plaza and approved a two-year extension for website services. Additionally, the directors held a discussion regarding the progress and future development of Site 5, specifically focusing on the need for a briefing to address stakeholder concerns and planning strategies as the site remains under conditional designation.

This document consists of the opening sequence for a webcast of the Erie Canal Harbor Development Corporation Directors' Meeting.