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Edmonton council hopes to bring new Oilers arena budget back down to $450M

Jul 17, 2012, 7:29 PM EDT

Late last week, word circulated that the project to build a new arena for the Edmonton Oilers is over budget by $35 million. (The original estimate was $450 million, but they reportedly were on track to spend $485 million.) The Edmonton City Council met to find ways to bring costs back down to $450 million while they voted 10-3 in favor of “allowing administration to proceed” with the development based on that original estimate.

Here’s the exact Tweet from the Oilers.


Edmonton Mayor Stephen Mandel voted in favor and provided these thoughts on the situation, via The Canadian Press.

“Again, I think citizens have clearly stated don’t diminish the beauty of the arena to save a couple of dollars, not going crazy with it, but we have to find a balance,” Mandel said.

Currently, discussions include removing food and beverage areas, stores and other smaller tweaks.

Council member Linda Sloan expressed fears that planners would “push this [deal] through” without a complete explanation.

“There’s going to be an attempt made to try to push this through to get council’s approval, to move it to the next step, even though we don’t have a complete funding model for the arena,” Sloan said.

Here’s video of Mandel’s speech.

  1. jacketsfan7 - Jul 17, 2012 at 7:36 PM

    I’d love a new oilers arena

  2. DTF31 - Jul 17, 2012 at 9:01 PM

    Projects like this work because they are huge and excessive. It’s go big or go home. Once you start cutting back the purpose of something like this is lost. Seriously, what’s an extra 35 million? Seems like a lot but in the grand scheme of things it’s really a drop in the bucket

    • hockeyflow33 - Jul 18, 2012 at 9:58 AM

      Easy to say when it isn’t your $35 million

    • ray2013 - Jul 19, 2012 at 2:09 AM

      I read this last night and saw the Mayor’s comment, that ” ‘Crap’ arena wrong idea. ”

      Either you’re psychic or this is Mayor Mandel! Hey Mayor, can you fix some potholes over around 111th Street & 40th? Thanks.

  3. atwatercrushesokoye - Jul 17, 2012 at 9:40 PM

    As a Calgarian, I sincerely hope Edmonton gets this new arena built sooner rather than later.

    • DTF31 - Jul 17, 2012 at 10:21 PM

      It’ll make it a helluva lot easier for Cowtown to get theirs

      • atwatercrushesokoye - Jul 17, 2012 at 10:28 PM

        Pretty much, I’m guessing the financial blueprint will be used by the Flames ownership, and the Stampede has a bunch of land down near the dome where they can build the new one. Is the new Oilers arena still supposed to be at the City Centre Airport location?

  4. fortwaynekomets - Jul 18, 2012 at 2:58 AM

    do it do it do it !!!

  5. ray2013 - Jul 18, 2012 at 3:48 AM

    The new arena is supposed to go to the north part of downtown, north of the Greyhound terminal if you’re familiar with Edmonton.

    But as for the City pretending to try and cut costs, they have to make a “good faith” effort that they really really tried really hard until they ran into unforeseen costs and expenses that weren’t in the planning, so they did everything humanly possible to keep costs as low as possible. They fought for Edmontonians and improving the downtown core so that one of the richest men in Canada could be handed a brand-new arena in downtown Edmonton for less than 20% of the over-all costs, because really, it’s in all of our interests.

    I’m only p.o’ed because almost anyone could run a successful business if they got 80-90% of construction costs handed to them.

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