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CHARLOTTE CITY COUNCIL APPROVES LEASE CHANGES FOR HORNETS
Published April 14, 1998
The Charlotte City Council voted 10-1 on Monday to extend the Hornets' lease at the Coliseum for "at least another year" through 2004, according to Dan Chapman of the CHARLOTTE OBSERVER. The deal gives the team the right to sell the Coliseum's name and has them taking "greater control" of the building's marketing. The City Council will still have the "final say" on any name change to the building. The new deal also "calls for a decision" by 2000 whether taxpayer dollars "would be used to help build a new arena," and establishes a 15-member citizens' committee to lead the process on a new arena (CHARLOTTE OBSERVER, 4/14).