BUFFALO, N.Y. (WKBW) — Billionaire philanthropist Tom Golisano is expanding his footprint in Buffalo.

7 News has confirmed that Golisano, the former owner of the Buffalo Sabres, has purchased the former Buffalo News building from developer Douglas Jemal with plans to use the building for the Golisano Institute for Business & Entrepreneurship.

"It is confirmed that Tom Golisano purchased the building with the intention of expanding Golisano Institute for Business & Entrepreneurship to Buffalo," said Ian Mortimer, president of the institute, in a statement. "We'll be sharing more details next week." Tom Golisano purchases former Buffalo News building from developer Douglas Jemal

Jemal also confirmed the sale, saying that the deal was for $10 million and includes the building and the adjo

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