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Edmonton approves Oilers arena deal

By a surprisingly wide 10-3 margin, the Edmonton City Council voted to move forward on a plan for a new $450-million Edmonton Oilers (NHL) arena, directing city staff to work out an agreement with the team. The funding plan was slightly tweaked before it was approved this afternoon. The base agreement remained the same. The […]

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Edmonton poised to approve Oilers arena deal

The Edmonton City Council could pass a proposed Edmonton Oilers (NHL) downtown arena deal this morning after hearing final testimony on the issue yesterday. The testimony split along familiar lines: local businesses saying investment in the downtown core would be beneficial to all, with some citizens opposed to any public spending on a sporting facility. […]

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Edmonton on verge of arena deal?

After years and years of talk and study, the Edmonton Oilers (NHL) are pushing the city to finally get an arena deal done by Halloween. The $450-million arena deal is amazingly similar to what was originally pitched years ago: the Oilers will put up $100 million toward arena construction and put money into downtown redevelopment. […]

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Tensions escalate over new Edmonton arena

A deal between Edmonton Oilers (NHL) owner Daryl Katz and the city for a new arena has a proposed clause causing some nasty feeling: they want Northlands, nonprofit operator of Rexall Place, to sign a noncompete. Such a deal is defensible from a business viewpoint if you are Katz: Arena Economics 101 says two facilities […]

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Protesters object to Edmonton arena funding

It was a weekend for protests in Edmonton, as scores of protesters showed up to City Hall to object to public financing of a new Edmonton Oilers (NHL) arena without a referendum or other input. While we’re not sure there’s a groundswell of public sentiment opposing a new downtown arena — indeed, this story comes […]

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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 […]

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Edmonton mayor lays out arena funding plan

{jathumbnail off} Edmonton Mayor Stephen Mandel laid out an arena funding plan in his annual State of the City address, but the formula already faces opposition from Edmonton Oilers owner Daryl Katz, who is against a ticket tax. Mandel argues that the Oilers are in danger of leaving if a downtown replacement for Rexall Place […]

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