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at the city’s decision to cease talks, Katz Group executive John Karvellas said the $6 million request has been withdrawn.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.
- Eller, Habs agree to four-year, $14 million contract 9
- Cory Sarich hospitalized following cycling accident, expects ‘full recovery’ 6
- Stamkos shrugs off talk of LeBron-like homecoming to Toronto in 2016 26
- Avs and O’Reilly agree on two-year deal, but questions remain 42
- Rangers and Kreider avoid arbitration, agree on two-year deal 38
- Zuccarello takes Rangers’ one year, $3.5M deal 42
- Advancement? Leafs sign Booth for one year, $1.1M 25
- Leafs hire 28-year-old stats advocate as assistant GM 30
- NBC Sports to air over 100 NHL regular-season games in 2014-15 69
- Stars, Roussel agree on four-year, $8 million deal 3
- Babcock fires back over allegations that free agents avoid him (77)
- NBC Sports to air over 100 NHL regular-season games in 2014-15 (69)
- Vanek connected to federal gambling investigation (61)
- Lucic regrets handshake-line actions, but isn’t apologizing (58)
- Report: O’Reilly wants $6.7M deal, Avs counter at $5.5M (58)