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SBD/October 1, 2012/Facilities
Edmonton Mayor Says Oilers Owner Katz Still Needs To Publicly Discuss Arena Plans
Published October 1, 2012
SMART MONEY: In Edmonton, Terry Jones noted Katz spent more than C$15,000 buying the full-page ads, and it “might be the best $15,000 Katz ever spends.” One letter "isn’t going to endear himself to a city." However, if it is followed by a "swift and decisive ‘win-win’ deal he mentioned in the letter to take the arena from the already-agreed-on framework" for C$450M to cover the increased costs now pegged at C$475M "without further dragging the image of this town through the mud, that’ll be the second of two steps toward that end.” The letter itself “could go a long way to be an image-changer for the man who believes an iconic downtown arena and entertainment district will be an image-changer for the city” (EDMONTON SUN, 9/30). Also in Edmonton, Jonathan Willis noted if Katz “threatens to leave again, there’s a letter on the public record in which he says that the team needs the city.” Whatever “limited credibility a threat of immediate relocation had, it’s gone now.” However, the more “subtle threat of eventual relocation remains very much on the table” (EDMONTONJOURNAL.com, 9/30).