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Stanley Cup Final

City, Oilers agree on plan for new Edmonton arena

Wednesday, 01.23.2013 / 4:34 PM / News

Associated Press

EDMONTON, Alberta (AP) - The Edmonton Oilers and the city have agreed to resurrect a deal to build a new downtown arena.

City councilors have voted to accept a cost-shared deal for a $480 million rink. After surrounding infrastructure is added in, the final bill will be $601 million.

The money will come from taxpayers, Oilers owner Daryl Katz and a ticket tax. The deal is still more than $100 million short, which is money Edmonton Mayor Stephen Mandel hopes will come primarily from the provincial government.

The plan is for construction to start this fall and the building to open in 2016.

It's hard to walk into that locker room and look those guys in the eye when they've played -- clearly, that was our best game we've played in the series -- and I thought we deserved a better fate tonight.

— Tampa Bay Lightning coach Jon Cooper on his team's 3-2 loss to the Canadiens in Game 3 on Sunday