Quote:
Originally Posted by heep223
The arena will be funded by the following sources: [8]
- $279-million from the Community Revitalization Levy (CRL) and other incremental revenues (increased parking revenue, reallocation of existing subsidy paid to Northlands and new taxes from business in the arena)
- $125-million from ticket surcharge on all events in the new arena
- $137.81-million from lease revenue for the Arena
- $23.68-million in cash from Edmonton Arena Corporation
- $25-million from other government sources
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Excuse my ignorace, but the $137.81 million is Katz dollars, right? He's leasing the rink from the city I presume?