Dec 3, 2013, 6:00 AM EDT
Mystery and intrigue surrounds a “major announcement” about Edmonton’s new downtown arena.
The announcement, headed up by Rexall Sports Corporation, is scheduled for Tuesday, according to a media advisory put out by the Edmonton Oilers on Monday.
Edmonton’s mayor Don Iveson is also expected to be on hand.
In May, Edmonton’s city council voted in favor of a new funding arrangement for construction of the downtown arena, worth $480 million.
It’s been reported that construction on the new arena could begin in the New Year. It’s possible the Oilers are playing in their new arena by 2016.
A week prior to council approving the new arena, the proposed building hit a snag due to a $55 million funding shortfall.
The new arena may already have a positive impact financial impact on the Oilers’ franchise, particularly owner Daryl Katz, according to David Staples, a columnist with the Edmonton Journal.
As per the Edmonton Journal, the Oilers’ value boosted up to $400 million – an increase of 78 per cent over the last year – in the latest Forbes Magazine rankings of all 30 NHL clubs.
- Big money: Tarasenko signs eight-year, $60 million extension with Blues 75
- Blackhawks extend TVR through 2017-18 3
- Good start: McDavid scores five in Oilers scrimmage 33
- Caps ink Kuznetsov to two-year, $6 million extension 9
- Bruins sign three — Hayes, Connolly, and DeFazio 12
- Babcock expects Kadri to be ‘an elite player’ 15
- No expansion bid expected from Kansas City 37
- Leafs sign Matthias — one year, $2.3 million 17
- Report: Kopitar, Kings in ‘early stages of negotiations’ for extension 12
- Arbitration filed: Holtby, Nyquist & Stepan highlight list released by NHLPA 15
- Blockbuster: Kessel traded to the Penguins (131)
- Expansion process underway as NHL sends out applications (94)
- Big money: Tarasenko signs eight-year, $60 million extension with Blues (76)
- Sabres lock up O’Reilly through 2022-23 (74)
- Trade: Caps acquire Oshie from Blues for Brouwer, Copley and draft pick (73)