The San Jose Sharks are still being tight-lipped about their closed-door discussion with city officials over the team’s future at the Shark Tank.
As the NHL team’s 10-year agreement at the SAP Center transitions to an annual renewal starting next year, Sharks representatives are not only eager to stay in San Jose through 2040, but for decades to come. The team is hoping to remain a key part of the city, but it also needs help funding major facility upgrades.
“We continue to have positive and engaging conversations with city staff in our shared goal to ensure that SAP Center remains a viable city asset for many years to come,” Sharks Sports & Entertainment President Jonathan Becher told San Jose Spotlight.
Team officials said at a recent downtown forum hosted by the Urban Vibrancy Institute that the Sharks are set to bring $1.25 billion in economic benefits to the city over the next five years.
While team officials said an economic impact report will be released to reflect the projected benefits, the information is still pending.
