Edmonton's arena deal continues to be No Good:
https://globalnews.ca/news/4701081/e...rking-revenue/
Quote:
Edmonton city council will review a report that shows the forecast for how much revenue could be brought in from on-street parking for major events at Rogers Place has fallen $6 million short.
The report that council will debate at its meeting Tuesday estimated $2.5 million would be generated each year to pay off an $80-million mortgage on the $600-million Rogers Place arena project.
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Quote:
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The new Ice District Central Parkade constructed by the Katz Group opened 1,082 underground parking spaces to the public in October, with an additional 1,100 spaces to be available in 2019. In addition, the 504 parking spaces in Edmonton Tower being in very close proximity to Roger Place may further impact the city’s future parking revenues.
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So if I'm understanding this correctly, the Oilers built their own parkade, directly competing with Edmonton's own parking? Wonderful stuff.