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Aug 5, 2012 12:31 PM by Matt Stafford

Trying to draw people in, Niagara Falls considers paying down student loans

NIAGARA FALLS, N.Y. (AP) - In recent years, Niagara Falls has thrown open its doors to casino gambling, gay weddings and a tightrope walk that, until laws were relaxed, would have meant arrest.

It has even briefly considered taking in toxic wastewater from hydraulic fracturing.

After the city's old strategy of industry over tourism flopped amid the decline of Rust Belt manufacturing and the disastrous Love Canal, a new economic plan has emerged:

Try anything.

On the drawing board now is a plan to entice young people to move in by paying down their student loans. The idea is to cover two years' worth of student loan payments for recent college graduates who agree to live in a certain neighborhood.

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