Quote:
Originally Posted by Plett25
The arena deal changed from the original $100 Katz + $125 city + $125 ticket tax + mystery $100
The latest version was Katz not putting in anything, but paying $5.5 million a year. So essentially the city would end up paying the whole shot and would get ticket tax and $5.5 million every year from Katz to service the debt. So Katz would get the arena for no upfront cost, but would pay for maintenance, etc.
Then Katz demanded a $6 million to subsidize the maintenance because there wasn't a casino attached to the arena.
Or something like that.
And then Katz said that the city should be subsidizing the Oilers because without the Oilers, the city would have to pay for a brand new arena all by itself.
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Wasn't there also something in his new proposal about the city having to rent a certain amount of office space in a proposed new building he intends to build next to the arena?