Dec 12, 2012, 3:23 PM EST
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at the city’s decision to cease talks, Katz Group executive John Karvellas said the $6 million request has been withdrawn.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.
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- TGIF: Why Lightning fans can be upset with St. Louis 27
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- Report: Kuznetsov terminated KHL deal, headed to Washington 20
- Canucks’ Bieksa: ‘If this isn’t rock bottom, I don’t know what is’ 34
- Luongo has Twitter fun at Canucks’ expense 35
- Sabres spoil Callahan’s Lightning debut, Stamkos’ return 7
- Dealing with the Devils: NHL reverses Kovalchuk punishment 47
- Playoff bubble watch — Rangers edition 14
- Canucks trade Luongo to Panthers (93)
- BLOCKBUSTER: Lightning trade St. Louis to Rangers for Callahan (82)
- Kings make splash, acquire Gaborik from Columbus (72)
- Report: Canucks want center, top prospect and first-rounder for Kesler (68)
- Sabres announce Pat LaFontaine resigns as president of hockey operations (66)