St. Louis Business Execs Stay Quiet On Rams Stadium Temporary Tarp Place Over Roof At U.S. Open Dolphins Unveil Sun Life Stadium Renovations Louisville Announces Stadium Expansion Plan Lexus Gets Dallas Arena's Platinum Level Name DraftKings Inks Deals With Cowboys, Chiefs, Pats University Plans Threaten Downtown Cincy Project Raiders Move Into New Training Facility Iowa State Completes South End Zone Renovations Florida Close On O'Connell Center Financing
SBD/May 20, 2011/Facilities
Katz: Rexall Place Should Not Compete With Proposed Downtown Edmonton Arena
Published May 20, 2011
OUT OF THE LOOP: Kiss said that Northlands officials "learned the Oilers -- which have been playing at the Northlands-owned Rexall since the early 70s -- were moving to a new home after picking up the newspapers Thursday." Kiss: "We're shocked. Certainly we would have hoped we would have been advised." She added that Northlands "was never consulted with about how a new arena could hurt its business." Kiss said that she is "confident Northlands can survive the blow," but noted that the organization "needs to consult with the city about what this will mean about the venue" (EDMONTON SUN, 5/20).
ISSUES TO SORT OUT: An EDMONTON JOURNAL editorial notes with Ottawa "having categorically ruled out a direct contribution, the Alberta government will be asked to ... fill most if not all of a $100-million hole in current financing arrangements." That is a "significant chunk of cash for a government with a serious deficit problem, made doubly uncomfortable by the Alberta reality that a similar sum would have to be set aside to even things up with Calgary." Additionally, "significant fine print almost certainly still needs to be worked out between the parties," and there is "no language for dealing with cost overruns." But the editorial states, "Make no mistake, major steps forward have been made" (EDMONTON JOURNAL, 5/20). In Edmonton, Terry Jones writes, "Do you think Mayor Stephen Mandel and city council, as well as Daryl Katz and his team, would have done so much work to complete the framework for a deal that will change the face and image of the city, if they were worried about the missing $100 million? ... I'm sure the mayor has assurances that if they finally managed to get the framework built, the rest of the money to top it off to a $450 million building would be forthcoming" (EDMONTON SUN, 5/20).