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.
- NHL, Coyotes deny report that team is moving to Vegas 23
- Report: Richards’ border incident involved oxycodone 46
- Trade: Bieksa headed to California — but it’s Anaheim, not San Jose 20
- Trade: Jackets land Saad, Anisimov and Dano headed to Chicago 85
- Hamilton signs six-year deal with Flames 18
- Sharks get Jones from Bruins for first-round pick and unsigned prospect 42
- Hurricanes to buy out Semin 15
- Bruins are talking to teams about Savard, but not Rask 13
- Report: Richards part of police investigation 47
- UFA of the Day: Mike Green 5
- Trade: Flyers send Rinaldo to Bruins for 2017 third-rounder (105)
- Bypassing a buyout? Kings terminate Richards’ contract for ‘material breach’ (90)
- Trade: Jackets land Saad, Anisimov and Dano headed to Chicago (86)
- Trade: Flames land Dougie Hamilton for package of picks (75)
- Trade: Busy Bruins send Lucic to Kings (66)