In the latest NRC report, more UB programs rose into the top 10 than ever before. It is actually coming up. Not sure what you mean by undergrad world, but the metrics for top 10% grads and SATs are higher than ever and on par with top publics. But that's going on everywhere.
The Bioinformatics building was $300 million, Davis Hall $75 million. I left out other buildings like this one:
http://www.buffaloctrc.org/ It cost $118m. I think these are pretty big buildings. They have a medical school going up this coming year. They've been saving for that one. It's going to be a doozy. $375m. That's 4 buildings at almost $900 million.
Personally, I put a lot more stock in the NRC rankings than USNews. UB student SATs are par with AAU state schools, the mean is 1200 in SATs. UConn is at 1220. Not that big a difference. I actually left a top private school to teach in my field because the program at UB was top 10 nationally.