Consol Energy gives up naming rights to Pittsburgh arena

Consol has given up the naming rights to the Consol Energy Center– home to the Pittsburgh Penguins.
The Pittsburgh Post-Gazette reports the announcement came this morning during a Penguins press conference. Financial terms were not disclosed. PPG Paints has bought the naming rights and the venue will now be called the PPG Paints arena.
Consol’s name has been on the building since it first opened in 2010, and the deal was supposed to last for 21 years. The company has recently reported losses amid low prices for coal and natural gas.
“Though our priorities have evolved, we will maintain a presence in the arena and will continue to do our part in driving the region forward,” says Consol spokesman Brian Aiello, in a statement. “As a company with deep roots in this region, we are pleased to be able to transfer the naming rights from one iconic Pittsburgh company to another.”
Consol will remain an arena sponsor, but it’s logo is expected to gone by the home opener October 13th.

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