Saturday, November 29, 2008

Agency OKs loan for arena overrun - Pittsburgh Tribune-Review

Agency OKs loan for arena overrun - Pittsburgh Tribune-Review: "The total cost of the arena is $321 million, up from $290 million when city, county and state officials announced a deal in March 2007 to keep the Penguins in Pittsburgh by building an arena to replace Mellon Arena, the National Hockey League's oldest venue.

The city-county Sports & Exhibition Authority agreed Nov. 13 to contribute $5.5 million to the $31 million increase in the cost of the arena. The state will contribute $10 million and the Penguins will pay $15.5 million."

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