Buffalo's KeyBank Center: ABANDONED soon?

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Erie County Executive Mark Poloncarz surprised a lot of people when he told 2 On Your Side that he intends walk away from the KeyBank Center lease when it expires on October 1, 2025.

"It is our intention to walk away," County Executive Poloncarz told 2 On Your Side on April 4.

City of Buffalo lawmakers were also caught off guard by the announcement from Poloncarz

Read More: https://www.wgrz.com/article/news/loc...

The question of who owns KeyBank Center is complicated.

The county technically owns it, in the sense that it's the municipality responsible for it during the current 30-year lease.

The lease expires on Oct. 1, and subsequently, ownership and responsibility of the facility will revert back to the City of Buffalo.

While the current lease outlines the Sabres pay for the majority of arena maintenance and renovations, a new deal that would be triggered by the exit of the county could change the terms of who pays what for the city.

That means the city could be on the hook for a portion of, what is believed to be, more than $200 million in renovations that are needed at the downtown arena.

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