BUFFALO-The Buffalo Common Council has given its approval to sell the land in Webster block to HSBC Bank USA for the construction of its regional headquarters. The 1.9-acre parcel, which sits right across HSBC Arena, will fetch the city $3.32 million.
The approval was granted in less than two minutes. The lease of the bank in the HSBC Tower will expire in 2013 and any delay in the transfer would have caused HSBC's continuation in Buffalo at risk. For the full story, go to Houston Business Journal.
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