"Mayor Matt Mahan and all 10 council members approved the deal that commits the city to investing $325 million to upgrade the 32-year-old SAP Center owned by the city with team owner Hasso Plattner contributing an additional $100 million. Plattner has already invested more than $100 million on arena upgrades over the past decade. The agreement would also penalize the Sharks if they left the city before the lease expires on June 30, 2051."
"SAN JOSE, Calif (AP) - The San Jose City Council unanimously approved a deal Tuesday to renovate the Sharks' arena and keep the team in the city until 2051. The Sharks and the city of San Jose will also begin planning for a new arena by September 2027. The Sharks began as a franchise in 1991 and moved into their arena in downtown San Jose in 1993."
The San Jose City Council unanimously approved a deal to renovate the 32-year-old SAP Center and retain the NHL Sharks through a lease ending June 30, 2051. The city committed $325 million for upgrades while team owner Hasso Plattner will contribute an additional $100 million and has already invested over $100 million in prior upgrades. The agreement includes penalties if the Sharks leave before the lease expires. Planning for a potential new arena will begin by September 2027. The Sharks franchise began in 1991 and moved into the downtown San Jose arena in 1993.
Read at Winnipeg Free Press
Unable to calculate read time
Collection
[
|
...
]