Winnipeg Free Press - PRINT EDITION
Posted: 01/24/2013 1:00 AM | Comments: 0
Last Modified: 01/24/2013 10:57 AM | Updates
EDMONTON -- The Edmonton Oilers are getting a new downtown arena.
The NHL team and city councillors agreed Wednesday to resurrect a previous deal that collapsed three months ago when Oilers owner Daryl Katz demanded $6 million more a year from taxpayers.
Edmonton Mayor Stephen Mandel says the new deal is airtight.
"It's 100 per cent. A deal is done. Council has approved it. All the other stuff is just going through some steps," Mandel told reporters after the 10-3 decision by councillors.
"I'm absolutely confident that we will go ahead, and at some point in time all of us will go to a new arena with great pride.
"It will be the nicest, most dynamic arena you've ever been to."
Katz was not at the decisive council meeting, but his negotiator, John Karvellas, said his boss recognized the negotiating logjam had to be smashed.
"We were at the end of the line," Karvellas told reporters. "It was time that we needed to conclude a deal and I think Daryl felt exactly the same way.
"I made the comment to him that we're not going to have any more chances. If we're going to make a deal with the city we have to bring it home, and I think he made some very significant compromises."
Katz dropped the demand for the extra $6 million a year and a demand that the city break its tendering policy and move its staff into a proposed new Katz office tower beside the rink.
In return, city councillors agreed that taxpayers, instead of the Oilers, will be on the hook for major repairs and renos at the $480-million facility.
That's a $30 million boost from the original price tag of $450 million. When surrounding infrastructure is factored in, the bill for the entire project is to reach $601 million.
-- The Canadian Press
Republished from the Winnipeg Free Press print edition January 24, 2013 D2
Updated on Thursday, January 24, 2013 at 10:57 AM CST: adds images of arena
Having problems with the form?Contact Us Directly
Jets sign winger Frolik to one-year deal
Red Wings agree on 3-year deal with Tatar
British Home Children war veterans honoured
Leafs sign forward Winnik to one-year deal
Sabres re-sign F Luke Adam to 1-year contract
P.K. Subban keeps contract negotiations quiet
Canucks sign first-round pick Virtanen
Red Wings sign Ferraro to 1-year deal
Reimer signs two-year deal with Leafs
Capitals sign 1st Australian player to be drafted
Canucks sign first-round pick McCann
Isles, Poulin agree to one-year deal
Cory Sarich injured in cycling accident
Sabres sign free-agent Andre Benoit to 1-year deal
Rangers, Chris Kreider agree on 2-year deal
Avalanche sign F Ryan O'Reilly to 2-year deal
Rangers, Zuccarello agree on 1-year deal
Maple Leafs sign veteran forward Booth
Canucks sign Archibald, DeFazio
Ducks sign D Sami Vatanen to 2-year deal
Stars reach 4-year deal with Antoine Roussel
Shanahan puts stamp on Leafs by hiring Dubas