NHL

Edmonton city council to hold special meeting about arena

{eot}
The Canadian Press
5/14/2013 7:39:23 PM
Decrease Text SizeIncrease Text Size
Text Size

EDMONTON - Edmonton's mayor says he's optimistic about a special council meeting on the proposed downtown arena.

Stephen Mandel won't give any details, saying councillors need to hear about and discuss the issues at the meeting Wednesday afternoon.

Councillors don't know what exactly the arena update will be, but Don Iveson thinks it must be something of substance.

Last week, Mandel asked for and got the support of the Capital Region Board to support Edmonton's bid for a $25 million portion of the Regional Collaboration Program.

The program is expected to offer $141 million over the next three years for projects that benefit regions as a whole.

If the application is successful, and the city receives the full amount, Edmonton would still need to find $30 million to cover the remaining amount for the arena.

City council voted unanimously last week to defer the debate on funding for the downtown arena to a later date, to give time to explore other funding options for the project.

The city has already agreed in principle to build a rink and share the costs with Edmonton Oilers owner Daryl Katz.

The Katz Group wouldn't confirm if they'd have someone at Wednesday's meeting, but officials seemed encouraged by the mayor's optimism.

The arena has divided citizens and detractors say the deal is too lopsided in favour of Katz if public money is needed for the rink.

Edmonton taxpayers will pay $219 million toward the 18,559-seat facility, which has a futuristic design of metal and glass.

The Oilers' share will be $143 million. Another $125 million will come from a ticket tax that wouldn't exceed seven per cent of the total cost of a ducat.

(CHED, The Canadian Press)

Proposed Edmonton arena (Photo: The Canadian Press)

zoom

(Photo: The Canadian Press)
Share This

Share This

Add to FacebookAdd to DiggAdd to FarkAdd to TwitterAdd to Stumble UponAdd to Reddit
Print this Story

2014-15 NHL Preview

From The Hockey Insider

TSN's Bob McKenzie sets up the start of training camp, going one-on-one with the GMs from all seven Canadian teams.


WATCH: Bryan Murray - Ottawa Senators

WATCH: Dave Nonis - Toronto Maple Leafs

WATCH: Kevin Cheveldayoff - Winnipeg Jets

WATCH: Marc Bergevin - Montreal Canadiens

WATCH: Brad Treliving - Calgary Flames

WATCH: Craig MacTavish - Edmonton Oilers

WATCH: Jim Benning - Vancouver Canucks


TSN.ca previews what to expect out of the NHL's 30 teams as we count down to puck drop. Check daily for team previews and updates on each Canadian franchise leading up to Oct. 8.


Latest Preview: Detroit Red Wings






TSN TweetBox
© 2014
All rights reserved.
Bell Media Television