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National Grid investing with eye on the future

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  Published in Stocks and Investing on Thursday, September 11th 2025 at 7:14 GMT by Buffalo News
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Buffalo City Council Gives Green Light to $300 Million Bond for Critical Infrastructure Upgrades

The Buffalo City Council’s September 12 meeting ended with a decisive vote that will shape the city’s future for decades. After weeks of public hearings, expert testimony, and behind‑the‑scenes negotiations, the council approved a $300 million bond measure to overhaul the city’s aging water, sewer, and storm‑water systems. The decision, which will be financed through a special assessment on property owners in the affected districts, promises to improve water quality, reduce flooding, and create green jobs while also sparking debate over the long‑term financial impact on residents.

A Legacy of Aging Infrastructure

Buffalo’s water and sewer network has been in service for more than a century. The city’s water system consists of roughly 2,500 miles of pipe, a sizable fraction of which dates back to the 1920s and 1930s. According to the Buffalo Water Works Annual Report 2023, more than 30 % of the pipes are over 40 years old, and the risk of failure is rising as the city faces increasingly intense storm events brought on by climate change.

“Every time we hit a major storm, we see more burst pipes and backed‑up sewers,” said City Engineer Karen Miller in a statement. “The $300 million bond gives us a realistic path to replace the most vulnerable sections before they cause further damage or public health issues.”

The bond will fund the replacement of approximately 200 miles of old pipe, the installation of advanced water‑monitoring sensors, and the construction of new wastewater treatment capacity. Additionally, the city plans to incorporate “green infrastructure” projects such as bioswales, rain gardens, and permeable pavements in 15 priority neighborhoods to mitigate runoff and improve storm‑water resilience.

Financing the Future

The bond will be repaid over a 30‑year period through a special assessment on property owners located in the 12 “bond‑eligible” districts identified in the council’s plan. Under the proposed structure, homeowners in those districts would pay an additional $150 per year, while commercial properties would see a higher assessment proportional to their land area.

While the assessment is modest on an annual basis, the cumulative cost to each property owner will eventually reach $4,500 per household and $10,000 for larger commercial tenants. The council argued that the cost is balanced by the savings that come from reduced water bills (as older pipes lose efficiency), fewer emergency repairs, and lower risk of costly flood damage.

“We are not asking anyone to pay for someone else’s mistakes,” said Councilmember Michael Ortiz, who voted in favor of the bond. “We are investing in infrastructure that benefits all of us—clean water, reliable sewer service, and safer streets.”

Community Response and Debate

The bond measure drew a mix of support and concern from residents, business owners, and advocacy groups. Many praised the council’s proactive approach to a long‑standing problem. “I’ve lived in Buffalo for 30 years and have seen pipes break down during every storm,” said long‑time resident Linda Torres. “I’m glad the city is finally addressing it.”

Others expressed anxiety about the added financial burden. “A $150 extra assessment each year will add up,” warned local activist group Buffalo Residents for Affordable Housing. “We need to make sure that the costs don’t disproportionately impact low‑income households.”

The council also faced criticism from environmentalists who argued that the bond should include a larger budget for green infrastructure. “If we’re paying for new pipes, we should be investing more heavily in storm‑water mitigation and climate resilience,” said EcoBuffalo director Jonathan Lee. The council’s finance committee responded that the bond’s green projects are already incorporated, citing the planned bioswales and rain gardens.

A Step Toward Long‑Term Resilience

The bond’s approval aligns with Buffalo’s broader strategy for climate resilience and sustainable development. In its 2023 Infrastructure Resilience Plan, the city set goals to increase green space by 15 % and reduce flooding by 20 % over the next decade. The new water and sewer upgrades will provide a concrete foundation for those ambitions.

The council’s decision also follows a 2009 bond that funded the city’s first major water‑works upgrade, which included the replacement of 300 miles of old pipe. While that bond was praised for restoring much-needed infrastructure, critics pointed out that many segments still remained unaddressed, a fact that has now prompted the latest measure.

The bond measure is slated to be submitted to the city’s finance committee next week, where it will undergo a final review. If approved, the city will issue the bonds immediately, with the first payments beginning in 2025.

Looking Ahead

The council’s approval marks a significant milestone in Buffalo’s journey toward a more reliable, sustainable infrastructure system. As the city moves forward with the bond repayment, the real test will be how effectively the city balances the financial burden on its residents with the long‑term benefits of a modern water and sewer system.

For more detailed information, readers can consult the following resources linked in the original article:

• Buffalo City Council Meeting Minutes – September 12, 2023 – Provides the official vote tally and committee comments.
• Buffalo Water Works Annual Report 2023 – Offers technical data on current pipe conditions and projected failure rates.
• City’s 2023 Infrastructure Resilience Plan – Outlines broader climate‑resilience goals and green‑infrastructure projects.

As the city’s leaders and its residents grapple with the implications of this $300 million investment, one thing remains clear: Buffalo’s future will depend on the foundations laid today.