The building in Buffalo formerly known as Marine Midland Arena and HSBC Arena kept their name in the banking family as First Niagara Bank has a 15-year agreement to have their name on the arena. First Niagara purchased HSBC Bank USA, which caused the arena name change. It had been called HSBC Arena since 1999 when HSBC acquired Marine Midland Bank, which had their name on the arena from its inception in 1996 to 1999.
The move comes during a busy 2011 in the Buffalo organization. The team was purchased by Terry Pegula in the early stages of the year, and he has led a complete overhaul of the franchise and front office in an effort to make the team better and to strive for a deep run in the postseason. Pegula owned a natural gas company that was sold for $4.7 billion. In addition to buying the Sabres for $189 million, he donated $88 million to Penn State University for the development and construction of a 6,000-seat ice arena set for completion in 2013 when Penn State will add men’s and women’s ice hockey as a NCAA-Division I varsity sport.
According to a story first posted in the Buffalo News, the head folks at First Niagara thought about renaming the arena First Niagara Auditorium. It would have been a homage to the Buffalo Memorial Auditorium, the home of the Sabres from 1970-1996. While that would have been sweet for Buffalo natives, First Niagara Center sounds better off the tongue, and it also allows fans to already come up with jokes along the lines of “The Sabres finally got a F’N Center, just not the kind we wanted”.
Tags: Buffalo Sabres, First Niagara Center, Penn State University, Terry Pegula This entry was posted on Friday, August 26th, 2011 and is filed under News. You can follow any responses to this entry through RSS 2.0. You can leave a response, or trackback from your own site. 1 Comment
#1 by Chris on August 26th, 2011
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