Buffalo Urban Renewal Agency denies loan forgiveness for shuttered Braymiller Market

There will be no loan forgiveness for Buffalo’s Braymiller Market. The Buffalo Urban Renewal Agency has voted to deny the request.

In July 2023, Buffalo Common Council approved a more than $500,000 forgivable loan. In the agreement, Braymiller was to stay open until the end of 2025, but the now-former market closed in December. The store only lasted three years at the downtown location.

Acting Mayor Chris Scanlon said the property will need to sell for more than $6.5 million for all owned debts to be paid, which he said is unlikely…

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