Quote:
Originally Posted by troutman
The arena was funded by the following sources:[20]
- $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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So Katz chipped in $23.68 million or 4% of the total cost. The rest came from government sources or user fees. Great deal for the city!