We continue to have positive and engaging conversations with city staff in our shared goal to ensure that SAP Center remains a viable city asset for many years to come," Sharks Sports & Entertainment President Jonathan Becher.
The projected $1.25 billion is expected to come not just from game tickets, but from any event at the Shark Tank, the Tech CU Arena and around the area where Sharks fans spend their money.
A 2015 study for the San Jose City Council by SportsEconomics showed the annual financial impact of the team and its arena operation on the city was almost $211 million.
San Jose Chamber of Commerce CEO Leah Toeniskoetter said seeing the town covered in teal, the Sharks' primary color, and the economic impact the team brings is enough to make them integral to the city.
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