Saints' Benson Gives $11M To Pro Football HOF Bucks' Edens Outlines Downtown Arena Vision Jags Seeking State Money For Upgrades Kings Get Salary-Cap Relief For Voynov Monmouth Rolling Out Fantasy Sports Bets Falcons Stadium Bidding For Super Bowl, CFP Revenue Up For Sun Life Stadium In FY '14 CSU Panels Supports On-Campus Stadium Virginia Beach Reaches Deal To Build $200M Arena Rogers Defends NHL GamePlus Exclusivity
SBD/April 11, 2013/Facilities
Oilers Arena Deal Stalled As Edmonton City Council Seeks Solution To Shortfall
Published April 11, 2013
CLOSING THE SHORTFALL: In Edmonton, Paula Simons wrote the leveraged C$45M could be "construed as the province putting in almost half" of that needed C$100M. That is "certainly how the majority of councillors seemed happy to spin it." Diverting MSI money, which is "supposed to pay for basic infrastructure such as sewer pipes, road repairs, LRT, and libraries, is a disingenuous violation of the spirit of the framework agreement" (EDMONTON JOURNAL, 4/11). Also in Edmonton, Angelique Rodrigues writes arena supporters "looking for closure on the seemingly endless downtown arena debate are left disappointed again." Discussions "began again publicly and swirled around the missing money" after a "lengthy in private session with Katz Group officials," including Exec VP & General Counsel John Karvellas. Farbrother said that Katz Group execs has "stated they will not help to cover the shortfall." Katz Group officials also "expressed concerns that they have yet to secure an extension" of the Oilers' contract with Rexall Place operator Northlands. The team after the '13-14 season would "be homeless until the new arena is complete" (EDMONTON SUN, 4/11).