Here is the story:
Quote:
EDMONTON - The Katz Group asked city council for more money to fund the proposed downtown arena Wednesday, but councillors said no.
Asked if he was still optimistic the arena will be built, Mandel said “optimistic might not be the best word.
“Frustrated might be a better word,” he said.
Asked if council had been blindsided, Coun. Kim Krushell said, “I would characterize it that I was surprised.
There is growing concern among some, including the Edmonton Chamber of Commerce, that the $450-million project is in trouble. The city has yet to find all the funding it needs for construction.
Mandel said the ball is in the Katz Groups’ court.
Read more: http://www.edmontonjournal.com/Counc...#ixzz26IDg0Sfw
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