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Old 03-11-2007, 08:14 PM   #121
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Default Re: New Arena chances looking bleak again

Quote:
Originally Posted by Jeremy View Post
The NFL let their LA teams leave because there was no support for the Rams and Raiders in LaLa Land. Pittsburgh and the Pens are a far different story.
in Pittsburgh there is actual support for the team. La la land didn't really support their teams.
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Old 03-11-2007, 10:16 PM   #122
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Default Re: New Arena chances looking bleak again

Quote:
Originally Posted by Jeremy View Post
The NFL let their LA teams leave because there was no support for the Rams and Raiders in LaLa Land. Pittsburgh and the Pens are a far different story.
I couldn't agree with you more, Jeremy. I am going to continue to be optimistic and believe that the Pens are going to stay right here in the Burgh until I hear firsthand that a deal cannot be reached.
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Old 03-12-2007, 11:04 PM   #123
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Default Re: New Arena chances looking bleak again

Bob Pompeani just reported on KDKA TV News that a deal has been reached between state and local officials and the Penguins! WOOOOOO HOOOOOO!!!!!

The official announcement is forthcoming and the meeting scheduled for Wednesday will still be held to cross all of the "i"'s and dot all the "t"'s!!!

I'm one happy lady tonight! LETS GO PENS!!!!

http://kdka.com/topstories/local_story_071223515.html

(KDKA) PITTSBURGH After all the uncertainty, and the back and forth discussion over whether the Pittsburgh Penguins would stay here or possibly leave town, the long wait could finally over.

KDKA sources confirm that the new arena deal is done.

KDKA’s Bob Pompeani reports that the city, the state, and the Penguins have all come to an agreement over how to build and pay for a new arena.

And that means the Pens will stay right here in Pittsburgh.

Pompeani reports that an official announcement is expected before tomorrow night's home game against the Buffalo Sabres.

Last week's meeting in Philadelphia lasted more than four hours and produced significant progress on the framework for a new multi-purpose arena. Some bigger stumbling blocks were finance rates on an extra $20 million added as a contingency to a proposed arena bond issue.

Sources tell Pompeani that the overall price tag will be higher than the original $290 million that was first discussed.

The Penguins have agreed to put up four million a year toward a new building. They also have agreed to put up $500,000 a year for a new parking garage in the arena complex.

While the recent appeals of the casino license awarded to Don Barden were of concern to the Penguins, Thursday's meeting in Philadelphia seemed to soften their concerns, and paved the way for this agreement, which will keep the Penguins in Pittsburgh for the foreseeable future.

There is still a meeting scheduled for this Wednesday to fully finish the deal.
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Old 03-12-2007, 11:48 PM   #124
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Default Re: New Arena chances looking bleak again

HAHAHAHAHHAHAH!!!!!!!!!!!

WOOOOOOOOOHOOOOOOOOOOOOOO!!!!

SCM, Kept the faith and there we go baby!!!! The PENS ARE STAYING IN DA'BURGH WHERE THEY BELONG!!!!

HAHAHAHHAH!!!!
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Old 03-12-2007, 11:53 PM   #125
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Default Re: New Arena chances looking bleak again

F-KC.....F-Houston..........F-Las Vegas..........F-Okalohma City.......THE PENS ARE STAYING HERE BABY!!!!!

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

Pittsburgh Post-Gazette

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.

http://www.post-gazette.com/pg/07071/769025-100.stm
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Old 03-13-2007, 12:33 AM   #126
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Default Re: New Arena chances looking bleak again

Thank God! WOOOOHOOOOO!!!! I'm SO glad my team is staying right where it belongs!!! What a great way to kick off a long night at work

And since I had so little faith in the process and was so sure the Pens were leaving, I'm here to take my spanking like a man

Kansas City!!!
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Old 03-13-2007, 12:55 AM   #127
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Default Re: New Arena chances looking bleak again

Full Post-Gazette story. Mods, feel free to remove this post if it is not allowed.

Arena deal keeps Penguins in Pittsburgh

Tuesday, March 13, 2007
By Mark Belko, Pittsburgh Post-Gazette

The puck stays here.

The Pittsburgh Penguins have reached an agreement with state and local officials for construction of a new arena that will keep the team here under a 30-year lease.

The basics of the agreement were reached in a make-or-break meeting last week in Philadelphia, where both sides reported that significant progress was made. Most remaining details were worked out over the weekend, according to sources close to the negotiations.

A formal announcement will be made later today, prior to the Penguins 7:30 p.m. home game against the Buffalo Sabres. Gov. Ed Rendell is expected to be on hand for the announcement.

The arena, which will cost about $290 million, is expected to be ready for the 2009-2010 National Hockey League season. The Penguins will continue to play at Mellon Arena under a short-term lease extension until the new arena is built.

Under terms of the deal, the Pens will pay $3.8 million per year toward construction and will add another $400,000 per year for capital improvements.

A meeting had been scheduled here for tomorrow, where Penguins co-owners Mario Lemieux and Ron Burkle were supposed to meet with Mr. Rendell, Mayor Luke Ravenstahl and County Chief Executive Dan Onorato.

It was not clear last night whether that meeting would still be held. It may only be needed to go over details of a deal that officials have been seeking for months.

Chuck Ardo, the governor's spokesman, said last night that he could not confirm there was a deal.

Neither Mr. Lemieux nor Mr. Burkle could be reached for comment last night.

But there was growing optimism that an agreement was near after Thursday's meeting in Philadelphia that lasted more than four hours.

The mood following that meeting was quite a turnaround from the climate only four days before, when Mr. Lemieux and Mr. Burkle sent a letter to the politicians declaring an impasse in the talks and saying they would aggressively explore relocation.

What followed was a trip to Las Vegas, which is pursuing professional sports teams, and a sweetened offer from Kansas City, where the $276 million Sprint Center will be ready this year. The new offer improved on a deal that included free rent and half the building revenues.

With the Penguins' future in Pittsburgh hanging in the balance, Thursday's session in Philadelphia apparently significantly narrowed the differences between the two sides.

Neither Mr. Onorato nor Mr. Ravenstahl were available for comment yesterday.

Even before Thursday's meeting, the two sides did not appear to be far apart. In addition to paying for a share of the construction costs and capital improvements, the Penguins also agreed to pay $500,000 a year for a parking garage.

The rest of the funding would come from Pittsburgh casino licensee Don Barden, who would contribute $7.5 million a year, and from a gambling-financed state economic development fund, which would contribute $7.5 million annually..

One unresolved issue going into Thursday's meeting was how to pay the extra $20 million that was added as a contingency to a proposed arena bond issue, increasing it from $270 million to $290 million. Another sticking point was who would bear construction cost overruns.

The Penguins and the state have agreed to split the cost of any additional costs exceeding $290 million, up to a maximum of $310 million, sources said.

Even as negotiators were working on a final deal, the city-county Sports & Exhibition Authority has fallen behind schedule in demolishing 11 buildings in the Fifth and Centre Avenue corridors in Uptown for the new arena.

The work probably won't start for another two weeks, said Doug Straley, authority development manager. The authority originally had hoped to begin in early February.

Despite the delay, Mr. Straley said the authority still expects to have the site cleared by Sept. 1, when construction of the arena is expected to start, with hopes of opening it in 2009.

He said demolition of the 11 buildings -- nine on Fifth Avenue and two on the Epiphany Church campus -- is expected to take four months. Empire Dismantlement Corp. of Grand Island, N.Y., received a $926,419 contract to do the work.

"This demolition can get done well within the time frame to deliver the site," he said.

In explaining the delay, Mr. Straley cited the Feb. 5 collapse of a section of flooring at the authority-owned David L. Lawrence Convention Center, saying that diverted staff time away from the arena. He also said it took longer than expected to remove asbestos from the buildings to be razed.

http://www.post-gazette.com/pg/07072/769032-85.stm
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Old 03-13-2007, 01:06 AM   #128
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Default Re: New Arena chances looking bleak again

hahahahaha to all the KC pricks who thought they were going to steal the pens right from under us! the only place theyre going is straight to the stanley cup finals!!
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Old 03-13-2007, 01:32 AM   #129
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Default Re: New Arena chances looking bleak again

I was sure (mabey more than I should have been) that they would eventually make a deal to stay here, but it took longer than I expected.

I'm glad this is finally done
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Old 03-13-2007, 01:48 AM   #130
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Default Re: New Arena chances looking bleak again



The Penguins aren't going anywhere! They're saved and they're staying! Hallejuah! I have never been so happy to be wrong in my entire life! We get a new arena for a young, up and coming Penguins Team! Woo-freaking-hoo!

Kuck you, Fansas City! The hell with all you KC douches. You ARE NOT getting our Penguins!
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