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Wednesday, October 26, 2011

New arena deal done! ...but in Edmonton

From the Canadian Press:

<<EDMONTON -- Edmonton city council has approved a deal to fund a new rink for the NHL's Edmonton Oilers, but still needs to find the final $100 million.

Councillors have voted 10-3 on a cost-shared deal with team owner Daryl Katz (KAETZ') to build a $450-million arena downtown.

The majority of the money is to come from city taxpayers and a ticket surcharge.

Katz will pay $100 million over 35 years.

The city wants the provincial and federal governments to pay the remaining $100 million, but both have said they won't directly fund private enterprises.

Alberta Premier Alison Redford has said the city can, if it wishes, use provincial infrastructure money already allocated to it.>>
 
Forever1940 is the nom de plume of Eric Hornick, statistician on Islander home telecasts since 1982. Visit my blog: NYISkinny.com and follow me on Twitter @ehornick

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