Funding approved for water park, Niagara Street project

A pair of projects in Niagara Falls will receive $400,000 in funding through the city’s economic development corporation.

Mayor Paul Dyster announced Tuesday that the Niagara Falls Development Corp. will issue $300,000 to NFNY Hotel Management, an affiliate company of bi-national hotelier Michael DiCienzo. The funds will be used in as part of a bid by the affiliated company, American Niagara Hospitality, LLC, to build a “Daredevil Water Park” on Third Street. 

The second allocation approved by the N.F.C. Development’s board of directors is for $100,000 and will be released to 324 Niagara Street Landlord, LLC, an affiliate corporation of Savarino Companies,

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