A new attraction is coming to the Las Vegas Strip, as T-Mobile Arena will open in April and provide the city with a state-of-the-art indoor sports and entertainment venue. While T-Mobile Arena will feature many of the modern amenities associated with new venues, it will also offer many unique aspects, including an arena-exclusive cocktail menu. […]
Mike Ilitch, the owner of the Detroit Red Wings (NHL) and the Detroit Tigers (MLB), has been deemed a qualified buyer of the Detroit Pistons and Palace Entertainment by the NBA, giving him another powerful chit in his pursuit of a new downtown arena. The NBA has its own system for matching buyers with teams: […]
At least three bidders are emerging as potential buyers of the Detroit Pistons and The Palace, as two unnamed groups are expected to tour the arena and view some of the team’s financial paperwork; Red Wings owner Mike Ilitch has already expressed his interest. While the NBA might not make a lot of financial sense […]
Detroit Red Wings and Tigers owner Mike Ilitch formally notified Palace Sports and Entertainment of his interest in buying the NBA’s Detroit Pistons, adding that he’s like to see the team move back downtown to a new arena to be shared with the Wings. Ilitch is already the biggest sports figure in Detroit, and adding […]
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 […]
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 […]
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 […]
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 […]
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 […]
