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Bleeding Red · 03-29-2017, 10:10 AM

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

So that is a total of $590.49 million of the $609 million cost of the whole project.

Who is the $137 in leases - isn't that the oilers? ergo - Katz?

03-29-2017, 10:10 AM	#24
Bleeding Red Powerplay Quarterback Join Date: Oct 2001 Exp:	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 So that is a total of $590.49 million of the $609 million cost of the whole project. Who is the $137 in leases - isn't that the oilers? ergo - Katz?