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Markham Town Council Votes To Move Forward With Arena Plans

The Markham Town Council last night voted 11-2 to "move forward with plans to borrow" C$162.5M for an arena that "could rival Toronto's Air Canada Centre." Officials for the Southern Ontario town repeatedly mentioned that funds will be raised "through charges to developers and service fees at the arena, and not with property tax hikes" (TORONTO STAR, 4/27).

The rest of construction costs for the arena will be covered by GTA Sports & Entertainment, a group led by Bauer Chair Graeme Roustan. GTASE and Markham officials will now "set about negotiating the parameters of the deal, a process that will likely take another four-to-six weeks" (THEHOCKEYNEWS.com, 4/27).

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