Decision For Webster Block Delayed

August 15, 2012 Updated Aug 15, 2012 at 7:55 AM EDT

By WKBW News

August 15, 2012 Updated Aug 15, 2012 at 7:55 AM EDT

BUFFALO, NY (WKBW) - It's perhaps the most anticipated decision in downtown Buffalo, who will land the deal to develop a piece of prime property.

We're talking about the Webster Block near the First Niagara Center.

According to Mayor Byron Brown, he needs more time and more answers from the two parties interested in developing on the Webster Block.

The two proposals being considered will transform the Webster Block into a mixed use development of retail, parking and a hotel.

Developer Carl Paladino wants to include apartments and would cost around $64 million.

The second plan is being proposed by the Buffalo Sabres, it's much more ambitous and will include two ice rinks and is estimated at $123 million.

The mayor says both proposals are good.

So what's the hold up?

Mayor Brown tells Business First there are still a series of questions that need to be answered, questions from both his office and a citizen panel set up to oversee this process.

So when will we get that decision?

Mayor Brown says it probably won't be made until later this month, possibly not until September 4th when the city council returns from summer recess.