Buffalo Selects NHL Sabres to Develop New Ice Rink Complex
By Community | August 31, 2012
Buffalo Mayor Byron Brown has announced the selection of HARBORcenter Development, clinic | LLC (the development company affiliated with the Buffalo Sabres) as the preferred developer of the Webster Block to create a state-of-the-art ice rink.
He also released the term sheet, discount outlining the plan to create two new ice rinks, help which coupled with the existing rink, makes this facility the “first of its kind” in the United States. The project also calls for a hotel, retail, a restaurant and new parking, for a total estimated project cost of $123 million.
“This is an exciting day for Downtown Buffalo and its waterfront,” said Mayor Brown. “I want to thank HARBORcenter Development, LLC and the Buffalo Sabres for putting before us a remarkable proposal that will re-make this prime piece of city-owned land, and bring tremendous economic impact to the community.”
“We are proud to be named the preferred developer of the Webster Block,” said Terry Pegula, owner of the Buffalo Sabres. “This project will further enhance the current development at Canalside and in the process, create a destination attraction to draw hundreds of thousands of people to Buffalo’s waterfront on a yearly basis. Canalside has seen a rebirth the past few years and we expect our project to act as a catalyst for future development on the waterfront.”
The Webster Block, a 1.7 acre city owned site located directly across from First Niagara Center, is considered a prized downtown parcel due to its location in downtown Buffalo, its proximity to Canalside, two major sports venues, and the Peace Bridge. The HARBORcenter Development project is expected to provide approximately 1,500 construction jobs. Once complete, the facilities are expected to create 350 full-time jobs, and generate $4.1 million in state and local taxes, $48 million over the next ten years.
“The City received two excellent and competitive proposals for the Webster Block, and there was strong support for each plan,” said Mayor Brown. “In the end, the Selection Committee recommended the project it believed would be best for the City of Buffalo, and selected HARBORcenter Development and the Buffalo Sabres.”