Updated: Thursday, 25 Jun 2009, 12:35 PM EDT
Published : Thursday, 25 Jun 2009, 12:35 PM EDT
NIAGARA FALLS, N.Y. (WIVB) - The State Comptroller said Niagara Falls residents are paying
for failed development projects because of poor oversight by
Niagara Falls officials.
Thomas DiNapoli highlighted two key projects in a 21 page
audit released Wednesday. DiNapoli said poor monitoring contributed
to the now virtually vacant Rainbow Center Mall and dozens of
downtown acres that remain undeveloped.
"Local officials have to be sure they are protecting taxpayer
investments, confident that the public will benefit from the
projects in question." DiNapoli said developers also need to be
held accountable when their projects fail to meet expectations.
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