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DETROIT (AP) -- The city council has approved a new lease with the Detroit Red Wings for the NHL team's final years at Joe Louis Arena.
The deal approved Monday, 5-4, includes $5.2 million from the team to settle a dispute over cable TV fees. The Red Wings will pay $1 million a year in rent, retroactive to 2010. The lease ends in 2015, although it could be extended.
[b]The Red Wings hope to move into a new arena as early as 2016.[/b] |