May 15, 2013, 6:05 PM EDT
Edmonton city council has voted 10-3 in favor of a new funding arrangement for the construction of a $480 million downtown arena for the Oilers.
The details of the deal can be found here, if you’re curious how much each party is chipping in.
Per CBC Edmonton reporter Marion Warnica, shovels could be in the ground as soon as early next year.
The Oilers could then be playing in their new rink by 2016.
Assuming no more hiccups…
"We're thrilled this deal has finally been approved. We believe this is a once-in-a-generation opportunity for Edmonton." – Katz—
Edmonton Oilers (@EdmontonOilers) May 15, 2013
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