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at the city’s decision to cease talks, Katz Group executive John Karvellas said the $6 million request has been withdrawn.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.
- Captain no more: Sharks strip Thornton of ‘C’ 0
- Tank defense: NHL changes up Draft Lottery format 17
- Fanspeak: Clarke voted greatest Flyer in franchise history 24
- Different tune: Moore hasn’t settled with Bertuzzi, says brother 23
- Rangers win Kevin Hayes sweepstakes 17
- It’s Philadelphia Flyers Day at PHT 53
- Kovalev compares Subban to Leetch, says he isn’t worth the money 49
- Under pressure: Rick Nash 9
- Wang sells Isles to ex-Caps owner Ledecky 41
- Report: MLSE CEO Leiweke to step down (Update: Leiweke denies move) 6