Re: Pens Tidbits
The funny part, if you look at Plan B, it's not that bad of a deal. It states the Penguins would have to spend $8.5 million up front and $2.9 million a year for 30 years. Keep in mind, that negotiable. That price can and probably would go down for the Penguins. If you want to keep this team in Pittsburgh, your going to have to pay at least something. The problem, the Penguins didn't want to pay anything (IOC).
The Majestic would pay $7.5 million a year for 30 years, while the state would pay $7 million a year. That equals out to $435 million total. That's not a bad deal.