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SBD/September 18, 2012/Facilities
Oilers Owner Katz Defends Request For Subsidy To Aid Construction Of New Arena
Published September 18, 2012
NO ULTERIOR MOTIVES: Katz said he fears delays and rising costs could price the project “out of this market.” He added the arena project was “far too important to fail.” Katz: "I’m focused on making this deal work -- God knows, I’ve spent enough money. My wife thinks I’m nuts, OK? If this deal doesn’t work, what can I say, obviously all bets are off and we’ll have to figure out what comes next. And I don’t know what that will be.” Katz "dismissed suggestions he is changing the deal in midstream, making new demands to try to sabotage his own negotiations as a pretext to move the team.” Katz said, “Nobody can question my good faith commitment.” He added, “Quebec City is in the ground (on their arena project) and they started three years after us” (EDMONTON JOURNAL, 9/18).