Latest News

The Albany Devils? Times Union Center receives letter of intent

The Business Review (Albany) - by Richard A. D'Errico

The Times Union Center has received a letter of intent from the New Jersey Devils to send its Lowell, Mass., affiliate to Albany, New York, said the Times Union Center’s general manager.

“The letter of intent refers to the fact that they are committed to coming here for a five-year period as long as the mutually acceptable contract is signed and there are some contingencies the county would have to make,” said Bob Belber, the center’s general manager.

Those contingencies include upgrades to the scoreboard, among other things.

Belber said attorneys for both the Times Union Center and Lowell Devils have contracts that need to be signed. He expects the deal to be finalized as early as next week.

“I think we’re pretty close to being set,” Belber said.

Under the deal, it appears the name River Rats will be replaced by Albany Devils. The Devils are an AHL affiliate of the New Jersey Devils pro hockey team.

Belber has been trying to bring a new minor league hockey team to Albany since early February, when local financier Walter Robb sold his Albany River Rats franchise to investors in Charlotte, N.C. The move, which would occur after this season, ends the River Rats’ 17-year run.

The River Rats season ended last night with a 5-4 overtime loss to the Hershey Bears. | 518-640-6807

You must be logged in to post a comment. Log in or Register.
comments powered by Disqus

Business Pulse Survey

What do you think of Andrew Cuomo running for governor?

bizjournals Partners

City Guide Spotlight - Albany


Sponsored by:

Albany Real Estate

Search Press Releases

Search by Company, Organization, or Keyword

Content provided by PR Newswire. Learn more about this service.

Search for Jobs     powered by onTargetJobs

View Albany Jobs - 5269 jobs today
DailyUpdate Logo

Get the latest local business news delivered to your inbox every afternoon

Get the Albany DailyUpdate newsletter