BUFFALO, N.Y. (AP) — Buffalo’s longest-serving mayor, Byron Brown, mentioned Monday he’ll go away Metropolis Corridor in a number of weeks to guide an offtrack betting company.
“After almost twenty years as mayor, I’ve beloved serving the individuals of Buffalo as mayor. However Michelle and I believe the time is correct to transition to a brand new position,” he mentioned at a information convention, referencing his spouse.
Brown, 66, a Democrat, will probably be paid an annual wage of $295,000 to turn into president and chief government of Western Regional Off-Monitor Betting Corp. He’ll oversee operations on the company’s betting websites in a number of counties in New York and Batavia Downs, which presents stay harness horse racing and a online game on line casino. As mayor, he’s paid $178,500 a 12 months. His time period was set to finish Dec. 31, 2025.
Western Regional Off-Monitor Betting board members unanimously authorised a contract with Brown final week. Board President Dennis Bassett mentioned the mayor, a former state senator and chairman of the New York Democratic Occasion, would elevate the company’s profile in Albany.
“We predict the connection that Mayor Brown has developed over time and his time as a legislator and his relationships in Albany and within the governor’s workplace will assist us to maneuver ahead with a number of the issues that we want to do,” Bassett informed reporters after the vote.
Brown grew to become the town’s first Black mayor when he was elected in 2005. He was reelected to a fifth time period in 2021, due to a profitable write-in marketing campaign launched after he was knocked off the poll in a shocking loss within the Democratic major.
In asserting his early departure, Brown mentioned he was happy with the town’s progress underneath his management, citing the Rust Belt metropolis’s first inhabitants enhance after a long time of decline. Town on Lake Erie had a inhabitants of 278,000 in 2020, in keeping with the U.S. Census — up 7% from 2010.
“Our metropolis is safer, smarter and extra sustainable and I’m proud to say we’ve employed probably the most various workforce within the historical past of the Metropolis of Buffalo,” Brown mentioned.
Widespread Council President Christopher Scanlon will turn into performing mayor via the top of Brown’s time period, in keeping with the town constitution. Scanlon, additionally a Democrat, has served on the council since 2012 and have become president in January.
“I’m excited for the alternatives that this transition will current and really feel assured that we are going to proceed to realize on behalf of and ship for our companies and our residents,” Scanlon mentioned on the information convention.
Earlier than you make your subsequent commerce, you may need to hear this.
MarketBeat retains monitor of Wall Road’s top-rated and greatest performing analysis analysts and the shares they advocate to their purchasers every day.
Market downturns give many buyers pause, and for good purpose. Questioning find out how to offset this danger? Click on the hyperlink under to study extra about utilizing beta to guard your self.
