PORTLAND, Maine (NEWS CENTER) - The Portland Pirates and the Cumberland County Civic Center could have reached an agreement that would keep the team here for at least the next 5 years.
Civic Center Board members approved the deal worked out between its negotiating team and the Pirates. A final vote must be taken after the two sides officially agree to the terms.
"The risks of not having a hockey team versus the identified risks of approving this proposal are far greater", said board chairman Neal Pratt in casting his vote in favor of the deal.
The risks the Board Chairman is talking about is the projected revenue figures during Pirates games not reaching their goals. The biggest problem faced by negotiators during this process is that they've been relying on potential revenues generated by a newly renovated Civic Center that were presented by consultants.
The goal for the Civic Center is to simply break even and not cost taxpayers anything. Three of the Nine board members don't think that will be the case with this deal.
"That's my fear that it won't break even and in the long run we'll be seeing county taxpayers burdened with a portion of this deal", said board member Gary Plummer.
Pirates CEO Brian Petrovik has called a news conference this afternoon to discuss the deal.