Dec 12, 2012, 3:23 PM EDT
As per its request, Oilers ownership is speaking in front of Edmonton city councilors today in hopes that negotiations for a new $450 million downtown arena can be restarted.
In October, the city called off talks in the wake of the Katz Group’s request for an additional $6 million annual operating subsidy.
Today, after stating the Oilers were “stunned” at the city’s decision to cease talks, Katz Group executive John Karvellas said the $6 million request has been withdrawn. Instead, he proposed that any extra tax revenue (beyond expectations) collected from the arena district be given to the club.
There also remains the matter of the $100 million shortfall that the city and the Oilers are hoping the province will provide in some form or another.
For all the scintillating details, the Edmonton Journal is covering the meeting here. It’s a bit like a City of Glendale meeting, except it’s colder outside.
- After not seeing ‘eye-to-eye’ with Carlyle, Reimer will compete for No. 1 gig 4
- Two down, one to go: Wings ink Tatar to three-year, $8.25M deal 11
- Cashing in: Rangers sign Brassard to five-year, $25 million deal 62
- Subban not eager to discuss contract talks 33
- Leafs re-sign Reimer — two years, $4.6 million 22
- Gorges still can’t explain falling out of favor in Montreal 13
- Eller, Habs agree to four-year, $14 million contract 10
- Cory Sarich hospitalized following cycling accident, expects ‘full recovery’ 7
- Stamkos shrugs off talk of LeBron-like homecoming to Toronto in 2016 31
- Avs and O’Reilly agree on two-year deal, but questions remain 45
- NBC Sports to air over 100 NHL regular-season games in 2014-15 (69)
- Cashing in: Rangers sign Brassard to five-year, $25 million deal (62)
- Avs and O’Reilly agree on two-year deal, but questions remain (45)
- Arena deal in jeopardy? Glendale mayor requests investigation into ‘clear violation’ of state law (42)
- Zuccarello takes Rangers’ one year, $3.5M deal (42)