Texas Tech Hockey will have a home in the Hub City, at least for another year. During a special city council meeting Tuesday afternoon, both sides came to a contract agreement. In it, Tech Hockey agrees to pay the city $60,000.
The contract starts now and lasts through the end of February. Tech Hockey will pay the city in three installments. The team will also be credited for the day to day fees they've been paying, so Tech Hockey will actually owe the city $54,450. That's about $10,000 more than the $44,000 contract the council turned down last week.
"It had to be mutually respectful of both parties, and so the money had to be right for the city; it had to be correct for Tech Hockey. So, it was a mutually agreed upon amount with concessions given in both directions," Jeff Griffith with Tech Hockey said.
"Everyone on the council had a desire to see Tech Hockey succeed, and I think the community had a desire to see Tech Hockey succeed. We had a desire to make sure that the city did not subsidize the operation of any entertainment venue," Lubbock Mayor Tom Martin said.
The team's first payment will be almost $11,000, due December 1st. The following payments will each be for about $22,000, due January and February 1st. The smaller first payment will allow Tech Hockey to work on their ice machine which broke down just a few days ago.