Truth & Rumors > NHL

Oil's new home will cost $450M

Views
5633
Comments
77

08:22 AM ET 05.19 | While not a done deal, the dream of a new Oilers rink is nearing reality. Edmonton city council has approved an agreement framework with the Katz Group to build a new downtown arena. The city says the deal will keep the Edmonton Oilers of the NHL in the city for 35 years. The arena will cost $450 million, with the city providing $125 million, the Katz Group paying $100 million and $125 million coming from a user-paid facility fee. The city notes in a news release that it is not a final or binding agreement and both parties must now work to secure the remaining $100 million required.

TSN.ca

Taylor Hall, Getty Images Taylor Hall, Getty Images
May 19, 2011  08:31 AM ET

Way overdue.

May 19, 2011  09:07 AM ET

The city says the deal will keep the Edmonton Oilers of the NHL in the city for 35 years.

What about the Edmonton Oilers of the Roller Derby League? Or the Edmonton Oilers of the Italian Soccer Premier League?

But good for Edmonton. Hopefully the whole package benefits the city...and the new arena helps draw grade A talent. May the Oilers be as fruitful an organization as the industry they are named after.

May 19, 2011  09:22 AM ET

Hope they can bring the atmosphere from the old barn... even on TV it translates.

May 19, 2011  09:26 AM ET

I hope this comes to fruition but I saw Katz sitting with the Buttgoblin at the Sharks/Nux game last night and that's just not good.

May 19, 2011  09:31 AM ET

WELL !!!!!! Color me Jealous . Calgary absolutely must replace the maxi pad now. Keepin up with the Jones,es and all.

May 19, 2011  09:50 AM ET
QUOTE(#4):

I hope this comes to fruition but I saw Katz sitting with the Buttgoblin at the Sharks/Nux game last night and that's just not good.

Bettman was just getting advice on what drugs he should take to stop his uncontrollable bobble head.

Comment #7 has been removed
May 19, 2011  10:06 AM ET
QUOTE(#3):

Hope they can bring the atmosphere from the old barn... even on TV it translates.

Oh, by Odin's smelly hockeysocks!
Rock giants crumble under the blow of the mighty Mjolnir & more mightily of The thought of The Great One dropping a dime into the stadium.

May 19, 2011  10:22 AM ET

$450 million, by todays arena building standards, seems cheap though.

May 19, 2011  10:24 AM ET
QUOTE(#3):

Hope they can bring the atmosphere from the old barn... even on TV it translates.

Unfortunately, that won't happen. The Wells Fargo Center's atmosphere is practically sterile compared to the Spectrum. But, I guess that's progress.

May 19, 2011  10:26 AM ET
QUOTE(#9):

$450 million, by todays arena building standards, seems cheap though.

True..................part of it may be "open air" ? Which strikes me as dangerous in Edmonton. Probably guarantee a team of really, really tough guys though.

May 19, 2011  10:39 AM ET
QUOTE(#9):

$450 million, by todays arena building standards, seems cheap though.

Just the opposite Pittsburgh new bldg was just over $300 mil and it is pretty nice. As they say build it and they will come. This is great news for the Oilers and their fans.

May 19, 2011  10:42 AM ET
QUOTE(#12):

Just the opposite Pittsburgh new bldg was just over $300 mil and it is pretty nice. As they say build it and they will come. This is great news for the Oilers and their fans.

I've been to Pittsburgh's new place (just once) and I agree with you. After the Igloo, it's heaven.

May 19, 2011  10:47 AM ET
QUOTE(#12):

Just the opposite Pittsburgh new bldg was just over $300 mil and it is pretty nice. As they say build it and they will come. This is great news for the Oilers and their fans.

I heard they saved $150 million on the cup holders.

May 19, 2011  10:52 AM ET
QUOTE(#4):

I hope this comes to fruition but I saw Katz sitting with the Buttgoblin at the Sharks/Nux game last night and that's just not good.

I saw that as well. Katz buys his clothes in the childrens section as well so they are very comfortable sitting and standing together.

May 19, 2011  10:52 AM ET
QUOTE(#14):

I heard they saved $150 million on the cup holders.

But, you pay in other ways. Now nobody can applaud 'cause they're holding their cups! Unintended consequence. Very quiet in there.

May 19, 2011  10:57 AM ET
QUOTE(#14):

I heard they saved $150 million on the cup holders.

Hall, Eberle, Paajarvi and the new number #1 pick will be great cup holders :-)

May 19, 2011  11:01 AM ET
QUOTE(#14):

I heard they saved $150 million on the cup holders.

I don't like the cupholders. They are a tripping hazard particularly if they are on the back of the seats like in Heinz Field.

May 19, 2011  11:04 AM ET
QUOTE(#5):

WELL !!!!!! Color me Jealous . Calgary absolutely must replace the maxi pad now. Keepin up with the Jones,es and all.

LOL...Calgary's is coming and you can bet it will have one more seat in it.:-)

 
May 19, 2011  11:08 AM ET
QUOTE(#10):

Unfortunately, that won't happen. The Wells Fargo Center's atmosphere is practically sterile compared to the Spectrum. But, I guess that's progress.

Same thing happened here in Dallas. Reunion was a real barn and very intimate.

AAC - not so much.

Comment

Remember to keep your posts clean. Profanity will get filtered, and offensive comments will be removed.


Truth & Rumors

MOST POPULAR

  1. 1
    Clippers, Warriors exchange barbs
    Views
    825
    Comments
    436
  2. 2
    Time to penalize NHL's perennial losers?
    Views
    1156
    Comments
    273
  3. 3
    Report: Raiders to release Terrelle Pryor on Monday
    Views
    1385
    Comments
    59
  4. 4
    Will NFL owners blackball Donald Trump?
    Views
    1246
    Comments
    56
  5. 5
    Packers lovers have own dating site
    Views
    1082
    Comments
    45

SI.com

SI Photos