Jan 23, 2013, 3:48 PM EDT
Edmonton city councilors are poised to approve a new downtown arena financing plan that will see the Oilers move into a new $480 million home by 2016.
From the Globe and Mail:
The city would provide a total of $219-million in funding, including $140-million for the arena itself. The Katz Group would provide $143-million, including $115-million for the arena itself. $125-million would be provided by a ticket surcharge, all of it directed to the arena project.
It should be noted the plan still calls for the province to chip in $100 million for the arena, which may be easier planned than actually accomplished.
If you’re into this sort of thing, the Edmonton Journal has been running a live blog of today’s meeting.
Update: Deal approved.
- Heeeeeere’s Johnny! Davidson shreds Johansen’s agent for ‘baffling, nonsensical’ contract demands 0
- Advantage Kuemper? Harding on crutches after ankle injury 4
- Done deal, finally: Wings ink DeKeyser to two-year, $4.375M extension 9
- Update: NHL wants to see fine system in action before publicizing diving 5
- Get your odds to make the playoffs for all 30 NHL teams 17
- Blue Jackets GM to Johansen: It’s about the team, not ‘one guy’ 25
- Will the NHL publicize divers? 48
- Report: NHL, Epix network to partner on Winter Classic reality series 17
- Habs to play without captain for just second time in franchise history 16
- Chiarelli: At some point, I’m going to have to trade a defenseman 53