Skip to main content

Oilers, city reach arena agreement framework @NHLdotcom

EDMONTON, Alberta (AP) - Edmonton officials and the owners of the Oilers have reached a framework agreement to finance a $450 million downtown arena for the team.

The deal would see the city provide $125 million and the Katz Group, which owns the Oilers, pay $100 million; another $125 million would come from a user-paid facility fee.

Edmonton Mayor Stephen Mandel says they will now approach the provincial and federal governments for the remaining $100 million. A spokesman for Alberta Premier Ed Stelmach says the provincial government will look at the specifics of any request to spend $100 million for the arena. But Mandel says the government won't subsidize privately owned enterprises.

View More

The NHL uses cookies, web beacons, and other similar technologies. By using NHL websites or other online services, you consent to the practices described in our Privacy Policy and Terms of Service, including our Cookie Policy.