The City of San Jose is facing criticism over the potential deal to keep the San Jose Sharks in San Jose through 2051, according to San Jose Spotlight.
The deal, to be voted on by the City Council on Tuesday, would see the City paying $325 million to renovate SAP Center, compared to Sharks Sports & Entertainment’s spend of $100 million.
The City has been criticized over that share of spending, while it currently has a $35.6 million shortfall this fiscal year.
“We fear the City may be unnecessarily leaving the General Fund and essential services vulnerable,” Jean Cohen, executive officer of the South Bay Labor Council, wrote in a letter to City Council.
Supporters of the deal say that Sharks Sports & Entertainment (and SAP Center) is expected to generate over $1.25 billion economic impact for the City of San Jose over the next five years.
The San Jose City Council will vote Tuesday afternoon on the deal.
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