Ebenezer
01-07-2003, 07:22 AM
As days go on things are getting a little clearer on the bids. Paul Tokasz (state majority leader) was on WGR this morning and reported the following about the Hamister bid:
To keep the Sabres in Buffalo Hamister is asking the following from the state:
1. Extention of $23 million in preexisting loans
2. $10 million loans from the NYS State Empire Development Zone Fund for arena improvements
ALL monies have to be repaid: HAMISTER DOESN'T GET A DIME.
The state has the option to forgive any or all loans should they see fit. This has happened numerous times within the state on various projects.
To keep the Sabres in Buffalo Hamister is asking the following from the state:
1. Extention of $23 million in preexisting loans
2. $10 million loans from the NYS State Empire Development Zone Fund for arena improvements
ALL monies have to be repaid: HAMISTER DOESN'T GET A DIME.
The state has the option to forgive any or all loans should they see fit. This has happened numerous times within the state on various projects.