PITTSBURGH, Sept. 20 (UPI) -- Pennsylvania Gov. Ed Rendell and Allegheny County Chief Executive Dan Onorato said that the Penguins will be getting a new arena.
The Penguins formally signed a lease for a new arena that also commits them to staying in Pittsburgh until 2040, the Pittsburgh Post-Gazette reported Thursday.
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The lease, which was signed on Tuesday, makes an agreement reached in March formal. The Sports & Exhibition Authority has yet to ratify the deal, but was expected to do so.
The arena lease will also see the sports and exhibition authority to close on a $325 million bond issue to finance construction.
