Monday February 9, 2004
The Newark Star-Ledger is reporting that this evening the Devils have signed a letter of intent to move to new arena to be built in Newark, NJ by the 2007 season.
"This is the right move, for the Devils, our fans and for the state," Devils president Lou Lamoriello said in the letter.
The team and the city hope to have the 18,000-seat arena open by July 1, 2007. The arena would be part of a complex that would also include an office building, a parking garage for 1,340 vehicles and a 300-room hotel.
The letter did not state how much the arena would cost or who would pay for it.
A spokeswoman for James declined comment. Messages left at the Devils' offices Monday night were not returned. A joint news conference with city and Devils officials is scheduled for Thursday.
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