Quote:
Originally Posted by EldrickOnIce
Katz's cash contribution was around 25 million.
The other amounts attributed to him as contributions come in the form of yearly lease, or something.
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Rogers Place is being built for $483.5 million, including underground parking.
The Katz Group is paying $132.5-million. $112.8-million of their contribution will be paid to the City as rent over 35 years, and cover the City’s principal and interest costs.
The remaining $19.7-million will be paid as cash.
The City of Edmonton’s contribution of $226-million to the arena building includes funding through a Community Revitalization Levy, new parking revenues, and redirecting the current Rexall Place subsidy.
$125-million will be collected through a ticket surcharge.
https://www.edmonton.ca/projects_pla...agreement.aspx