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Golisano will pay ground rent for arena

Source: 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.'

Related posts:

  1. Council rejects waiver of arena rent
  2. Sabres deal smells fishy even on ice
  3. NHL Gives Hamister Another Week to Buy Buffalo Sabres
  4. Golisano making progress in renewed bid for Sabres
  5. NHL Gives Hamister One-Week Extension to Buy Buffalo Sabres

Filed Under: SabresBeat

Buffalo News | Mar 27, 2003

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