Dec 2, 2013, 4:21 PM EDT
The city has been wrestling for some time with a proposal to build a $325-million arena that would hopefully house an NHL team. Mayor Frank Scarpitti revealed a modified version of the funding structure on Friday with a murky new $70-million extracted from unnamed developers. The plan is still full of holes, with at least $50-million not covered, and council is expected to vote on a previous version of the funding structure Monday or Tuesday. And between now and then, someone should tell them that they are risking an enormous amount of money for a project that is somewhere between risky and outright insane.
Arthur goes on to cite an NHL source that calls the Markham project “delusional,” at least with respect to the league’s plans for the market (translation: there aren’t any, really).
There’s more in the piece, including a quote from NHL commissioner Gary Bettman: “We have never been encouraging of this project. And we have repeatedly said that if this building is built, it should be built with the expectation that they will not get a team.”
After you read Arthur’s column, please do read our piece on Quebec City, and why expansion or relocation to that particular market seems inevitable.
Update (5:24 p.m. ET)
- Gomez goes full circle by rejoining Devils on tryout basis 7
- Under Pressure: Jimmy Howard 6
- Looking to make the leap: Anthony Mantha 17
- It’s Detroit Red Wings day on PHT 24
- Under Pressure: Nathan Horton 8
- Will Johansen be the latest Overhardt holdout? 25
- It’s Columbus Blue Jackets day on PHT 16
- Shanahan tasked with ending years of collapses 9
- Looking to make the leap: Peter Holland 1
- Under Pressure: Randy Carlyle 5
- NHL-to-Vegas talks gaining steam (68)
- Report: Bruins need to make a trade (61)
- Sounds like San Jose handled stripping Thornton’s captaincy really well (43)
- Fanspeak: Mats Sundin voted greatest Maple Leaf in franchise history (43)
- Fanspeak: Lemieux (stunner!) voted greatest Penguin in franchise history (41)