After a 10-year absences, the city of Glens Falls once again has an American Hockey League franchise.
The league's board of governors, meeting today in Chicago, approved the transfer of ownership of the Philadelphia Phantoms to a newly formed entity known as Phantoms Hockey LLC, owned by the Brooks Group.
In addition, the new owners were given approval to move the franchise from Philadelphia to Glens Falls, beginning with the 2009-10 season.
The move is seen as a boost to the Albany River Rats, who supported the city's efforts to gain a franchise since the Adirondack Red Wings departed after the 1998-99 season.
The Rats' average attendance has fallen 26 percent in the past decade, and Albany team officials attribute much of that to the lack of a geographic rival.
The AHL also approved the relocation of the Quad Cities franchise to Abbotsford, British Columbia, and the addition of a franchise in Austin, Texas.
The Phantoms were looking to move because their Philadelphia home, the Wachovia Spectrum, is being demolished to make room for an entertainment development.
"On behalf of our board, it's my privilege to welcome these three cities to the AHL family," AHL president Dave Andrews said in a statement. "We are looking forward to these new opportunities in Austin and Abbotsford, and we're excited to be returning to the rich AHL tradition and history in Glens Falls."