The Edmonton Oilers (NHL) have done their homework on a backup plan for a new arena should a downtown plan fall though by holding discussions with the Enoch Cree Nation this past spring. The discussions didn’t really go very far; both sides acknowledge that the first choice of the Oilers is a downtown site, and […]
Tag Archives | katz group
Edmonton, Oilers reach agreement on framework of arena funding deal
{jathumbnail off} Not all the pieces are in place yet, but the city of Edmonton and the ownership of the Edmonton Oilers (NHL) have agreed on yet another iteration of the framework of a $450-million new-arena funding deal — albeit one with a $100-million hole. The plan calls for the Oilers to pay $100 million, […]
Edmonton approves arena funding plan
{jathumbnail off} The Edmonton City Council approved a $450-million arena funding plan largely along the lines of what Mayor Stephen Mandel had proposed a day before, with the city’s contribution capped at $125 million and another $125 million coming from a controversial ticket tax. The funding formula: $100 million from The Katz Group, owners of […]
Report: New arena needs 30-year commitment from Oilers
{jathumbnail off} If a new downtown Edmonton arena is to work, the city needs a 30-year commitment from the Edmonton Oilers (NHL), measurable targets for revenue from concerts and other events, and a specific number of days the facility can be used by the community, according to a report released by city officials. The report, […]
Complicating factor in Edmonton arena discussions: Northlands
Northlands has been an important part of Edmonton hockey since 1912, when the ag organization built a new arena and pavilion hall to replace Thistle Arena. Since then, junior and pro hockey has been played in Northland-controlled arenas — and the group wants a piece of the proposed new downtown arena, despite opposition from the […]
Katz ups arena offer to $200M; city willing to talk
Edmonton Oilers owner Daryl Katz has doubled his offer to help finance a new downtown arena, but before the city is ready to act councillors have lots and lot of questions. Still, Katz is closer than ever before to achieving his dream of a downtown arena. Katz’s offer came during a City Council meeting last […]
Edmonton: New downtown arena financially feasible
Combine a $5 ticket surcharge with a $100-million contribution from Edmonton owner Daryl Katz, and you’ve reached the point where a new downtown Oilers arena is economically viable, say city officials — raising the stakes on new-arena discussions in the city. “A new downtown arena with an increase in the number of seats and other […]
Katz: I will spend $100 million on new downtown arena
Daryl Katz has shifted positions once again on his potential contribution to a new downtown arena for the Edmonton Oilers, saying he would contribute $100 million directly to arena construction costs, not to fund an adjoining entertainment district. Katz has shifted his position on the ultimate destination of his financial contribution twice already. When he […]
Edmonton: Cheaper to renovate than to build new downtown arena
The cost of renovating Rexall Place is lower than it was estimated to be three years ago, which is good news for Edmonton Oilers fans who don’t want to see the NHL team move to a new downtown arena. Updated cost estimates peg the renovation costs at $190 million, down from the 2007 estimate of […]
Oilers arena zoning hearing delayed
Issues over the potential funding for a new downtown Edmonton Oilers (NHL) arena is causing the Katz Group to postpone a key zoning hearing, in order to put together a formula that could appeal to politicians and taxpayers. In theory, the June 26 meeting was slated to an inocuous hearing on the zoning of a […]
