Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - 350 million from province for museum...None for arenas

getbak · 04-07-2011, 11:38 PM

Speaking of the Oilers' new arena: http://www.edmontonsun.com/news/edmo.../17903976.html

Edmonton's City Council met Wednesday night and approved a plan for financing the new arena...sort of. They've agreed to providing $250 million in funding through a "community revitalization levy" (whatever that is), and a ticket tax. The only hitch is that Katz doesn't necessarily want there to be a ticket tax. Also, the other hitch is that with the city's $250 million, and the $100 million that Katz has pledged, they're still $100 million short of the $450 million anticipated cost.

Also, according to this, there's a lot of money flowing into Edmonton for new projects and/or upgrades (about a billion with the new museum and arena): http://www.edmontonsun.com/sports/co.../17915771.html

Where'd they get all that money?

04-07-2011, 11:38 PM	#42
getbak Franchise Player Join Date: Feb 2006 Location: Calgary, AB Exp:	Speaking of the Oilers' new arena: http://www.edmontonsun.com/news/edmo.../17903976.html Edmonton's City Council met Wednesday night and approved a plan for financing the new arena...sort of. They've agreed to providing $250 million in funding through a "community revitalization levy" (whatever that is), and a ticket tax. The only hitch is that Katz doesn't necessarily want there to be a ticket tax. Also, the other hitch is that with the city's $250 million, and the $100 million that Katz has pledged, they're still $100 million short of the $450 million anticipated cost. Also, according to this, there's a lot of money flowing into Edmonton for new projects and/or upgrades (about a billion with the new museum and arena): http://www.edmontonsun.com/sports/co.../17915771.html Where'd they get all that money? __________________ Turn up the good, turn down the suck!