The City of San Jose has struck a proposed lease agreement with the San Jose Sharks to modernize the city-owned SAP Center and keep the professional hockey team there through the 2050-51 season, city and team officials announced.
Sharks owner Hasso Plattner said he will invest at least $100 million to update the city-owned arena nicknamed “The Shark Tank.” The city didn’t disclose how much it would commit. The San Jose City Council will vote on the deal on Aug. 26.
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