Next year, the city can increase the Sharks' rent annually and talks hint at the city helping pay for upgrades. The arena is one of the NHL's oldest.
Sharks officials pledge $1.25 billion economic benefits to San Jose over five years. They stress the importance of working closely with the city for economic development.
Sharks Senior VP mentioned an economic impact study and called the $1.25 billion estimate 'conservative,' emphasizing the impact this would have on the city.
Sports clubs like the Sharks often promise economic benefits to cities in return for investments in arenas. Scrutiny is on how much public investments are recouped.
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