City leaders said a third developer for the project has been eliminated, leaving two proposals for the two-acre, one-block property across the street from First Niagara Center in Buffalo.
- A $1.7 million retail/restaurant space
- $36.8 million dual hockey rinks and fitness center atop the retail space
- A 200-room, $43.5 million hotel
- A $25.1 million underground parking garage
Pegula predicts his project will have 500,000 annual visitors and create 2,500 450 full- and part-time permanent jobs, as well as 2,500 construction jobs. It would be done by May 2015.
The competing proposal is from a group led by Buffalo developer and former New York gubernatorial candidate Carl Paladino. The $64 million project calls for:
- A 140-room hotel
- 42 apartments
- 110,250 square feet of office space
- An 8,600-square-foot retail and restaurant space
- Public/hotel parking
The Paladino proposal would be privately financed, while the Sabres' proposal would call for an undisclosed amount of tax funds.
Buffalo Mayor Byron Brown said a plan will be chosen by Aug. 15.
Tags: Buffalo, Buffalo Sabres, Hockey, NHL, Terry Pegula