PENGUINS OWNERS ACCEPT OFFER TO MEET WITH ELECTED OFFICIALS ON ARENA
December 28, 2006
Dear Governor Rendell, County Executive Onorato and Mayor Ravenstahl:
Thank you for your offer to meet with us to discuss an arena-financing plan that could keep the Penguins in Pittsburgh. We accept your invitation for Thursday, January 4 and respectfully ask if the meeting can be scheduled in the late afternoon.
Joining us to represent the Penguins ownership group will be Ken Sawyer, David Morehouse and Chuck Greenberg.
As you know, when we bought the team more than seven years ago, we made it clear that we needed a new arena to become economically viable and competitive in Pittsburgh. Now that the Isle of Capri’s offer to privately fund construction of a $290 million arena has been turned down, and with our lease set to expire this summer, we are in the process of exploring all of our options.
We appreciate the positive tone of your recent public comments and look forward to seeing what has been described as a plan that is significantly better than the original “Plan B.” It is essential for the future of this franchise that we negotiate an arena deal that makes economic sense for the long term. Please be advised that time is of the essence. We must have something in place well in advance of the March 31 deadline mentioned in your letter.