barleyfarmer
Active VIP Member
It sounds to me that Katz is trying to scare the city into more money by hinting at moving the Oilers.Maybe I'm misunderstanding the situation.
Arena
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Bogger
Bogger of the GBCA
Most of the "will the oilers leave" debate was invented and has been fueled by the media....
I understand Katz frustration, too many people look at it from the point of view of "the billionaire wants the city to build him an arena" as opposed to "Katz is willing to invest a lot of his own money into helping Edmonton build an arena" unlike Quebec City, Glendale, Hamilton, Seattle and any number of other citys who have or are planning to build world class arenas on thier own dime to try and a lure professional sports franchises to thier city.
This arena should be well under way by now, we've been talking about it for years and the cost now will be much higher than it would have been had they just went ahead with it and started firming up contract pricing, the advantage of Katz contribution is much less now than it would have been if they hadn't dragged thier heels.
no one questioned the art gallery, or churchill square improvements, the silver balls on the side of the whitemud, or a 75 million dollar exit ramp....
For those who question municipal spending lets fire 10 high ranking political do-nothings and thier pension alone would build the thing, if money is the issue do like northlands and put in a casino with 25% of gambling revenu going to capital costs...
Just build the fawking thing already, and do it right, trying to run a world class city on a food stamp budget is getting old...
I understand Katz frustration, too many people look at it from the point of view of "the billionaire wants the city to build him an arena" as opposed to "Katz is willing to invest a lot of his own money into helping Edmonton build an arena" unlike Quebec City, Glendale, Hamilton, Seattle and any number of other citys who have or are planning to build world class arenas on thier own dime to try and a lure professional sports franchises to thier city.
This arena should be well under way by now, we've been talking about it for years and the cost now will be much higher than it would have been had they just went ahead with it and started firming up contract pricing, the advantage of Katz contribution is much less now than it would have been if they hadn't dragged thier heels.
no one questioned the art gallery, or churchill square improvements, the silver balls on the side of the whitemud, or a 75 million dollar exit ramp....
For those who question municipal spending lets fire 10 high ranking political do-nothings and thier pension alone would build the thing, if money is the issue do like northlands and put in a casino with 25% of gambling revenu going to capital costs...
Just build the fawking thing already, and do it right, trying to run a world class city on a food stamp budget is getting old...
ferniesnow
I'm doo-ing it!
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yes, build it and they will come!
But one has to admit, that every year it is delayed, there are better ideas that can go into the design. Just a positive twist on the long delay............
But one has to admit, that every year it is delayed, there are better ideas that can go into the design. Just a positive twist on the long delay............
ferniesnow
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I don't really need snow for another couple of weeks at least.........too much too doo at the cabin
snopro
Active VIP Member
The longer they wait the more money it takes to do the job. Katz is basically saying build it now and move ahead or don't build it and be another small market team that goes away. Like him or hate him he is right.
Did you read the paper today. Sounds like Katz was asking for a lot more then just 6 million dollars (thats what the media had been saying). the article listed a few other conditions, one of them being Katz doesn't want to pay any taxes and he wants the rights to the casino.
Don't get me wrong I want a new arena but the media isn't making it any easier.
Edmonton Mayor Stephen Mandel calls on Oilers Owner Daryl Katz to make demands public | Oilers | Sports | Edmonton Sun
Don't get me wrong I want a new arena but the media isn't making it any easier.
Edmonton Mayor Stephen Mandel calls on Oilers Owner Daryl Katz to make demands public | Oilers | Sports | Edmonton Sun
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barleyfarmer
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Who built the old coliseum?... Was it the city or a private corp?...Does the city own the building?..I'm thinking Katz is up to something!He didn't get that rich by being stupid!Maybe the city does need a new building,I don't know but I think teaming up with Katz will be a bad idea!If there is a new building and sh.. starts to hit the fan and money doesn't come in like they think I think he'll dump the Oilers and leave town!He seems like he is trying to get into a position where he'll be the first one to get paid and make a majority of the profits!He has enough money to hire the guys that can make shady sh.. look legal and profitable!I think the city should be careful so the tax payers aren't going to be left holding the bag on a building and no NHL team!Just my 2 cents!
polaris011
Active VIP Member
there is no chance ever that the oilers would leave ..... the nhl would not allow it or even consider it ....
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Bogger
Bogger of the GBCA
Northlands owns rexall.. so essentially the city does, Northlands is a non-profit organization funded by the city. Why does the fact that Katz is a successful businessman (Edmonton Local and Oilers fan to boot) automatically make him a crook. He has made a lot of money working out sound stratigic business plans with much success.
If the city does not partner with Katz what are the options???? Katz is not in the business of losing money but on the flip side he is not in the business of screwing over business partnerships... realistically he is the one assuming the risk in this because he's the one spending his own money, the city is spending tax base money and the CRL will provide the city with a much larger tax base to draw from down the line...
Katz is too smart to build the building 100% on his own, hes done his research and found that every 100% privately built arena aside from ACC (which in Toronto you can't lose) has ended VERY badly with the owners ending up in recievership and selling off the building for 1/2 the initial building cost. Edmonton NEEDS a new arena and it just so happens that Katz is willing to partner, will he get something out of it??? of course...and he should, but don't kid yourself in the long run the city will benefit.
Remember under Katz proposal the city of Edmonton will hold the title to the new building and the Katz group will look after the operation and maintenance... Katz bought the oilers because he grew up in Edmonton and began his empire here, he loves the city and has big aspirations, fawk at least someone does.....
And NO the NHL would never let the Oilers leave Edmonton, they are the 4th most profitable team in the league, so if we want the team we need to provide them with a place to play... and Northlands figures for a mere $250 million they can renovate Rexall....fawk that...
Build it new and build it world class
If the city does not partner with Katz what are the options???? Katz is not in the business of losing money but on the flip side he is not in the business of screwing over business partnerships... realistically he is the one assuming the risk in this because he's the one spending his own money, the city is spending tax base money and the CRL will provide the city with a much larger tax base to draw from down the line...
Katz is too smart to build the building 100% on his own, hes done his research and found that every 100% privately built arena aside from ACC (which in Toronto you can't lose) has ended VERY badly with the owners ending up in recievership and selling off the building for 1/2 the initial building cost. Edmonton NEEDS a new arena and it just so happens that Katz is willing to partner, will he get something out of it??? of course...and he should, but don't kid yourself in the long run the city will benefit.
Remember under Katz proposal the city of Edmonton will hold the title to the new building and the Katz group will look after the operation and maintenance... Katz bought the oilers because he grew up in Edmonton and began his empire here, he loves the city and has big aspirations, fawk at least someone does.....
And NO the NHL would never let the Oilers leave Edmonton, they are the 4th most profitable team in the league, so if we want the team we need to provide them with a place to play... and Northlands figures for a mere $250 million they can renovate Rexall....fawk that...
Build it new and build it world class
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If they build it watch the concert tickets go up another 50 to 100 bucks a pop. I used to go to concerts all the time but when two tickets run you 2-300 then drinks and parking fawk that.
All I know is not one fawk will be given in my house and the city canti keep tax increases to a reasonable level as it is.
How many of you guys that want it actually live in Edmonton? Seems great if it's not coming out of your pocket. Katz is not running a not for profit operation like northlands is either is he.
All I know is not one fawk will be given in my house and the city canti keep tax increases to a reasonable level as it is.
How many of you guys that want it actually live in Edmonton? Seems great if it's not coming out of your pocket. Katz is not running a not for profit operation like northlands is either is he.
plio7
GBCA Member
Northlands isn't dumping millions of their own money either are they
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Bogger
Bogger of the GBCA
Exactly..... as a not for profit northlands is funded by the city and is not expected nor required to turn a profit...
Rexallis curently the 5th busiest concert venue in Noth America, 12th world wide...A new world class venue would keep us at the top.
I do not live in Edmonton however I did for years and this arena should not increase property tax if anything is should allow taxes to fall...but we all know that never happens. the ticket tax should cover shortfalls...
They won't miss your ticket purchases because others are more than willing to pay the asking price, rexall sells out more games/shows/concerts than Vancouver, Montreal and Ottawa. a ticket tax on all events will help to fund it..
Just think how much your taxes & ticket prices would increase if Northlands funded solely by the city were to take on such an endevour....
We NEED a new arena and this is the best available option...
snopro
Active VIP Member
Bogger for mayor!!
Longhairfreak
Active VIP Member
I would tell him to move the team to Quebec.
pipes
Active VIP Member
have you been hanging out with willy?
Sure he is kicking in some of the money but he wants all of the revenue and a non compete agreement from north lands. That will cost a city owned not for profit a good chunk of their revenue. He also wants to not pay taxes and a bunch if other demands.
I don't NEED a new arena if he WANTS one he can pay for it. If you NEED a new arena then send him a couple grand to help him pay for it. This city already spends way too much on ch!t nobody needs and not enough on what really does need to be done. Seems these days people can't tell the difference between what would be nice and what really needs to be done.
I'd be all for it if our tax increases were 2% and our roads were perfect but the city would rather blow millions on art with construction projects and art galleries that not very many people actually go to.
luvz da mud
Active VIP Member
all of it.... when he went to quebec city to see how they were funding thier new arena (with other provinces money of coarse!) all of a sudden he was moving the team to quebec and the media couldent throw enough fuel on the fire THEY started, i dont blame him one bit for not wanting to talk about it publicly.
luvz da mud
Active VIP Member
i couldent agree more
It amazes me how many DO NOT live in Edmonton and are against this. That's what gets me. Pay muni taxes and you have a right to bitch. These are the same people who also ccomplain that the city is drab and boring.
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