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LEASE DEAL FOR AVALANCHE NOT AS LUCRATIVE FOR CITY
Published August 23, 1995
The Denver City Council gave preliminary approval this week to a contract with the Avalanche for a two-year lease and two- year option at McNichols Arena. But the tentative agreement would generate hundreds of thousands of dollars less for the city than first projected. When the Council voted 10-1 in favor of the agreement Monday, members believed the city would make $625,000. Councilwoman Cathy Reynolds claims she miscalculated, with the city's actual gain only projected at $85,600 (DENVER POST, 8/23).