Penguins Reportedly Staying in Pittsburgh
 |
Mister Biggs | Tuesday, March 13, 2007 |
Look slike a deal may of been reached to keep the Penguins in Pittsburgh.
(KDKA) PITTSBURGH After all the uncertainty, and the back and forth discussion over whether the Pittsburgh Penguins would stay here or possibly leave town, the long wait appears to be over.
KDKA sources have confirmed that the new arena deal is done.
As KDKA’s Bob Pompeani first reported on KDKA-TV News at 11:00pm, the city, the state and the Penguins have all come to an agreement over how to build and pay for a new arena.
And that means the Pens will stay right here in Pittsburgh.
The official announcement is expected before tonight’s game against the Buffalo Sabres.
Last week’s meeting lasted more than four hours and produced significant progress on the framework for a new multi-purpose arena. Some bigger stumbling blocks were finance rates on an extra $20 million added as a contingency to a proposed arena bond issue.
Sources tell Pompeani that the overall price tag will be higher than the original $290 million that was first discussed.
The Penguins have agreed to put up four million a year toward a new building. They also have agreed to put up $500,000 a year for a new parking garage in the arena complex.
The full details will not be know until the offical announcement and there are a few more meetings to hammer out the fine points of the deal. But it looks as if its going to happen and AEG will have to find a new team to woo for their Kasas City Arena.
- Penguins Sale In Jeopardy?
- Penguins Arena Talks At Impasse
- Pittsburgh Penguins Meeting to Discuss Future of Arena
- Pennsylvania Governor Attempts to Block Penguins Move
- Kansas City Penguins?
- Kansas City Penguins (Part II)
- Will AEG’s Kansas City Gamble Pay Off?
- NHL Comissioner Steps Into Penguins-Pennsylvania Talks
- Steelers Sign New Contract With Parker
- Attempted Injunction to Keep Penguins
- Eight is Enough- Edmonton beats Chicago 8-4
- Lydia Ko wins New South Wales Open
- The Comeback I- Pittsburgh Penguins beat NY Islanders 5-0
- Seattle Mariners Outfielder Greg Halman stabbed to death at age 24
- Hee Young Park wins CME Titleholders Championship
- Oklahoma State Women’s Basketball Coach Kurt Budke dead at 50
- Costly mistake- Blackhawks waive Rostislav Olesz
- Manager Tony La Russa announces retirement
- Puck Drop- Florida Panthers start the 2011-12 NHL season
- 13-time PGA Tour winner Dave Hill dead at 74
Comments are Closed
