We've got the same debate ongoing in Sacramento. The billionaire Maloof brothers want the city to pay for a $1bn arena and in return they'll keep their basketball team here. Oh yeah, they also want 100% of the parking revenue, 100% of the profits on all events at the arena, and they want all restaurants in the downtown to close during basketball games in order to force fans to eat at the arena concessions.
And the new arena means that Sacramento's long-planned downtown transportation hub will be cancelled so the arena can take its place.
What a deal.
I have to admit I'm torn on the issue - I agree that an arena would be nice, but I don't want taxpayer dollars paying for 100% of it and then letting the local billionaire (Darryl Katz) keep all the revenues after it's built.
IMHO, it should be paid for in part by Katz and mostly by the users through a ticket tax. However, in their haste to get a deal done, they've given him even more than he originally asked for (he was going to chip in $100 million for the arena).
I think this is a terrible idea all around. We already have an arena, we don't need another one. If Katz really wants it that bad he can darn well buy the land and build it himself. I think that guy is incredibly greedy the way he's structured this deal and I'm not fond of our counselors for allowing this lopsided deal to get this far.
Rexall Place is about the only place I know how to get to in Edmonton, and I know you don't want us old rural drivers anywhere downtown so perhaps you could expand the LRT out to, say........ Ellerslie RD.
While getting a new a public funded arena is always nice, it also becomes a slippery slope for a city finanacially.
Just take a look at the litanies of cities south of the border that have had these woes to see what I mean.
A team owner wants a new arena paid for by the public, so he holds the city hostage by threatening to move his team. City builds new arena, owner gets all revenue from arena and city ends up paying for it for years or, city doesn't build it and team owner moves to new city who ends up paying for years for an arena they built just to get a team.
Seattle. Minnesota, Colorado, Phoenix, St.Lous, Oakland, Los Angeles, Brooklyn and I could go on and on and on.
Either way the public looses in this scenario but it keeps NHL teams in some small market Canadian cities............for now or at least till our dollar drops and the owners will cry poor and want to move the team anyway.
Either way the fans and the public loose.
Edmonton; I told you waaay back, that you were going to be getting this new arena, and that you would be taking a real ROYAL FUCKING in the process!
Them things shouldn't be allowed on any Alberta road.
Drive a dam truck.
Here's a pic of the proposed new arena - what do you think?
downtown arena.jpg [ 43.11 KiB | Viewed 409 times ]
Comments so far have been generally positive. I think it looks fairly cool (and somewhat matches the new art gallery a few blocks away), but wonder if it takes up too much space.
http://www.edmontonjournal.com/Reaction ... story.html
Having worked for one of the Katz's companies, I wouldn't give that guy a cent for an arena. Let him cover the cost himself.
Futuristic looking, an interesting design but I still say he should be building it himself if he wants it that much.
Markham Ontario's loopy mayor has a grandiose scheme to build an NHL-ready arena in the Toronto suburbs. Maybe he can get the Edmonton Oilers or Sacramento Kings to move in? Oh wait, Markham is 90% Chinese. They don't buy hockey/basketball tickets. If he wants to draw locals to the venue, maybe he'd be better to go after that GTA Casino-site deal instead.