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BLJ: City In Rem auction set for Oct. 24-26

In this week’s issue, we take an in-depth look at Erie County’s in-rem process. While the county auction was held several weeks ago, the city of Buffalo auction will be held Oct. 24-26. For me, it was interesting to see the lengths that the county goes to in order for a homeowner to keep their home. It’s clear that the preferred outcome is for people to remain in their home while paying the taxes that are owed. Obviously that’s not always what happens, for a variety of reasons. The in-rem…

Jacobs, Pegula among wealthiest major league sports owners

Delaware North chairman Jeremy Jacobs and Terry Pegula, whose holdings include the Buffalo Bills and Buffalo Sabres, are among the nation’s wealthiest sports teams owners, according to a new Forbes ranking. Jacobs, who has owned the Boston Bruins since 1975 and next month will be inducted in the Hockey Hall of Fame, is worth $4.4 billion, according to Forbes research. That makes Jacobs No. 17 out of the 43 owners ranked by Forbes. Ranking is based on accumulated net worth and not the value of…