NCIDA backs Niagara Falls residential redevelopment project

Two residential projects proposed for economically distressed U.S. Census Bureau tracts are in line to receive tax breaks and other incentives from the Niagara County Industrial Development Agency. NCIDA directors, by a  7-1 count, approved $94,280 in property and sales tax breaks for LMR Real Property Holdings LLC. Led by Dr. Kalaiselvi Rajendran, LMR plans to renovate a 1946 house-turned-office into five market-rate apartments. Only Kevin McCabe, NCIDA board secretary, voted against the tax breaks. The…