City of Albany terminates lease with Panthers (UPDATED: 7:50 p.m.)
John Millikan
ALBANY — Assistant City Manager Wes Smith informed The Herald on Tuesday that the city of Albany has terminated its lease agreement with the Albany Panthers, leaving the Professional Indoor Football League without a venue for the 2014 season, which was already in jeopardy for financial reasons.
Smith said that the Panthers owe the city around $12,000 for use of the Albany Civic Center plus a percentage of its revenue from concessions. City officials sent Panthers owner Rod Chappell a written notice on Jan. 23 informing him that the lease agreement to play at the Civic Center would be terminated because of lack of payments dating back to December.
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