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Pittsburgh Penguins may not be moving after all


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Pens expected to announce arena financing planAssociated Press

PITTSBURGH -- The Pittsburgh Penguins have called a 2 p.m. ET news conference at which the team is expected to announce plans to finance a new arena.

Tom McMillan, the team's vice president of communications, said the conference will address a report in the Pittsburgh Post-Gazette that the arena will be part of a $1 billion development. The newspaper says the project is being backed by an unknown gambling company that wants one of the state's new slot machine licenses.

The gambling company would pledge the new money for the arena -- which is said to be about $290 million -- as a condition of getting the gambling license.

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