Buffalo’s beloved Broadway Market will not see construction start until spring 2027, pushing the timeline back from the originally planned summer 2026 start. The delay stems from a slowdown in selling the tax‑credit packages that fund the $45 million renovation, a key component of the project’s financing.
Funding and leadership
The bulk of the renovation money—about $39 million—comes from the state through Empire State Development. The remaining funds are being raised via tax‑credit sales, a process that has taken longer than anticipated. Paul Ray, the construction lead for Empire State Development, explained, “Throughout the project, we try to take our best guess on when we’re going to close on that financing, but sometimes it just takes longer.”
David Franczyk, a former Fillmore District councilman who now serves on the board of Broadway Market Management Inc., confirmed the financing hiccup. “But the project is gonna move forward. I mean everyone wants it to happen,” he said.
Impact on shoppers and vendors
Both Franczyk and Ray emphasized that the postponement will not affect the market’s operations during the upcoming holiday season or the Easter 2027 celebrations. “It shouldn’t look any different from what it did last Easter,” Franczyk noted. Vendors will remain open throughout holidays, Christmas, and the rest of the year, according to Ray.
When construction finally begins, vendors will be temporarily relocated within the market’s footprint, but the market itself will stay open. “[Vendors] will be open throughout every holiday, Easter, Christmas and throughout the year,” Ray added.
Project scope and timeline
The renovation aims to transform the historic market into a year‑round community hub, adding modern amenities while preserving its historic character. The design phase has already consumed $7 million, and a dedicated team is in place to see the project through.
By Easter 2028, construction is expected to be well underway, with the market’s core infrastructure upgraded to support expanded vendor space, improved sanitation, and enhanced visitor experiences. No plans have been announced to close the market entirely during construction.
Community response
Local residents and business owners have expressed optimism that the market’s revitalization will boost the surrounding neighborhood’s economy and provide a vibrant gathering place for families. The project aligns with broader city‑wide efforts to invest in downtown Buffalo’s historic assets and stimulate economic growth.
While the timeline shift is disappointing for some, officials remain confident that the market’s transformation will proceed as planned, delivering a modern, family‑friendly destination that honors Buffalo’s heritage.
Original reporting: WKBW 7 Buffalo (Buffalo section) — read the source article.
