Golisano will pay ground rent for arena

Via: Buffalo News

'Golisano's pledge is viewed by city officials as an important step in gaining their approval, an essential piece to his purchase of the Sabres. The money reflects the annual ground rent the city is entitled to under the operating agreement for HSBC Arena. By agreeing to pay the rent, Golisano has done what previous bidder Mark Hamister failed to do and, in the process, paved the way for City Hall to approve his deal.'