Niagara Gazette

Local News

July 31, 2013

Cuomo stops by Falls to collect $349M and deliver $89M to Falls

Cuomo stops by Falls to collect $349M and deliver $89M to Falls

(Continued)

Niagara Gazette — Dyster's predictions that the dispute would be settled by mid-year were validated with the June announcement.

Dyster's administration will now distribute $23.5 million to the entities - Niagara Falls Memorial Medical Center, Niagara Tourism and Convention Corp., the Niagara Falls School District, the Niagara Frontier Transportation Authority and the Niagara Falls Underground Railroad Commission - that receive casino revenues through the city.

In addition the city will repay $22.7 million to the general fund and $15.7 million to the tribal revenue and tourism fund that the city borrowed from those accounts during the dispute.

Dyster said the city will move to distribute those funds quickly.

"We promised to expeditiously deliver the funds to them and that's just about our first priority," Dyster said.

Contact reporter Justin Sondel at 282-2311, ext. 2257

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