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at the city’s decision to cease talks, Katz Group executive John Karvellas said the $6 million request has been withdrawn.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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- Leafs captain Phaneuf suspended two games for boarding 37
- Rangers confirm Staal suffered concussion 8
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- Neal suspended five games for kneeing Marchand in the head 156
- Report: Dion Phaneuf will face hearing for hit on Kevan Miller 104
- Bruins coach admits Thornton crossed the line, slams Pens for not being ‘truthful’ 136
- Video: Penguins’ Orpik stretchered off ice; Bruins’ Thornton given match penalty (182)
- Neal suspended five games for kneeing Marchand in the head (156)
- Bruins coach admits Thornton crossed the line, slams Pens for not being ‘truthful’ (136)
- Pens put Orpik on IR (132)
- Orpik suffers from concussion, including memory loss (118)