Funding for the Richardson Olmsted Campus redevelopment was provided by...
In 2006, after years of pressure from preservationists, prominent Buffalonians, and elected officials, then-Governor George Pataki pledged $100 million in state funds to rehabilitate the Richardson Olmsted Campus. About $24.5 million of the funding was used to complete the new Burchfield Penney Art Center, which shares part of the original property with the Richardson, and the Eleanor and Wilson Greatbatch Pavilion at the Darwin Martin House Complex. The remaining $76.5 million has funded important activities to prevent further deterioration of the Richardson and to ready it for reuse.
The Richardson Center Corporation is now undertaking the renovation as the developer of this first phase of development to create a hotel and conference center and an architecture center. The $69 million construction project is funded with $54 million in state support and leveraged $16 million in state and federal Historic Tax Credits. The Richardson Center Corporation’s investor for the historic tax credits is M&T Bank. In addition, Empire State Development provided grants for the preconstruction, stabilization and re-greening activities.
Visit our donation page to contribute in any amount to the success of the Richardson Olmsted Campus. Your donation will further support operating costs not covered by state funding.