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Penguins, officials reach deal on arena
Monday, March 12, 2007

Cancel the movers. The Penguins aren't going anywhere.

Sources close to the negotiations say that the team has an agreement with state and local leaders for a new arena that will be ready for the 2009-10 season.

The terms of the agreement call for a 30-year lease and spell out contributions from the team, the state and from gambling revenues.

A formal announcement is expected sometime tomorrow, prior to the Penguins home game at 7:30 p.m. against the Buffalo Sabres. More details to come.

First published on March 12, 2007 at 12:00 am
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