SABRES HOLD CEREMONY TO CELEBRATE CROSSROADS' FINANCING

     The Sabres held a ceremony yesterday at the Crossroads Arena
construction site to "mark the closing of the building's
financing."  Construction of the $127M arena began in the fall of
'94 and is "expected" to be completed in time for the '96-97 NHL
season.  Sabres and Crossroads Arena Chair Seymour Knox III: "I
am grateful to the private lenders and the government officials,
without whose contributions none of this would have been
possible."  Among those present at the ceremony were NY Gov.
George Pataki, Fleet Bank Chair and CEO Erland Kailbourne,
Shawmut Bank Dir & VP David Henderson, Delaware North Companies
Chair & CEO (and Bruins Owner) Jeremy Jacobs, and Sabres
President & CEO Douglas Moss.  The 19,500 seat arena will contain
80 private suites, as well as several restaurants and bars. The
facility will be home to the Sabres, the MILL Bandits and the
NPSL Blizzard (Crossroads).