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Coldrsx Jan 24, 2013 3:12 PM

EDMONTON | Downtown Arena and District
Yesterday was a momentous day for our City for Council passed the new downtown arena in a 10-3 vote. Construction is set to begin in late summer early fall along with a hotel, condo, office tower and 150,000sqft of retail.

BrandonJXN Jan 29, 2013 4:06 AM

Very very nice. I'm assuming that this is for the Oilers?

Harley613 Jan 29, 2013 4:51 AM

Holy shit. This is incredible! In Edmonton no less!

sask1982 Jan 29, 2013 4:02 PM

CONGRATS Edmonton! Looks like an unbelievable development, can't wait to see it go up!

Coldrsx Jan 29, 2013 4:26 PM

^^^ For the Oilers indeed, but it will also become our premier concert and entertainment facility.

I cannot wait to walk from my condo to games.

Coldrsx Feb 4, 2013 4:09 PM

5 proposed towers of the arena district (centre to left centre) along with other proposals/u/c.

Hed Kandi Feb 4, 2013 6:15 PM

Those towers are never going to be realized - at least not within the next two decades.

Look at how long it took to build a single tower in Station Lands, a proposal that has to be now 15 years in the making. And only one tower has actually come of fruition.

Coldrsx Feb 4, 2013 10:25 PM

^Ultima condo - u/c - foundation/parkade

Fox Towers - Tower 1 u/c - foundation/parkade

Encore Tower - been through Design Committee and given Ultima is 85% sold, likely not too far behind... maybe fall 13'

Kelly Ramsey - Through design committee, hotel rumoured to be secured, office is primo location for anyone in the CBD. Rumoured demo on part of the site this summer/fall with fall construction.

Arena district is a 5 phase development, obviously with market demand in play. The Hotel and office tower 1 are anticipated 1st with condo phase 2 and other towers later as required.

The City of Edmonton has a 300sqft RFP coming out in 2 weeks or so, there are little large contiguous spaces right now, we absorbed 250k in 2012 and there is another LARGE RFP coming.

We got ourselves out of a 2 decade hole and are now in a very different position.

Calgarian Feb 5, 2013 12:05 AM

Fantastic development! will be great a much needed boos to downtown. Lets just hope it all comes to fruition...

Coldrsx Apr 11, 2013 6:51 PM

Downtown Oilers Rink another step cautiously forward

Council supports downtown arena, narrows funding gap
The downtown arena project moved closer to reality on April 10 as council found a way to narrow the funding gap.

By a vote of 8 - 5, council agreed to use undesignated provincial funding to cover $45 million of a $100 million shortfall. The approved motion is contingent on the provincial government covering the $55 million balance.

The $45 million is being drawn from Municipal Sustainable Initiative funding. Edmonton’s share of MSI increased by an unexpected $3 million in 2013.

Council agreed to apply the $3 million surplus, as the money won’t negatively impact other infrastructure projects.

Council also approved in principle the master agreement, as well as a location agreement. The latter agreement ensures the Edmonton Oilers remain in Edmonton for the life of the arena lease, or 35 years.

The Katz Group is contributing $115 million to the arena. It is also paying upwards of $25 million to the Winter Garden pedway over 104th Avenue.

The Katz Group’s contribution is being borrowed and therefore subject to interest charges. Therefore, the Katz Group’s will pay approximately $7 million annually to the City to cover its share.

The Katz Group is also responsible for the arena’s operating costs and will pay $250,000 in annual property taxes.

The City’s share of arena construction costs will be borne in part by a Community Revitalization Levy. A surcharge on tickets to events at the arena is also part of the funding equation.

Coldrsx Apr 19, 2013 1:53 AM



Coldrsx May 1, 2013 1:29 AM

Sitting at the Community benefit agreement meeting...

Coldrsx May 1, 2013 1:33 AM

Feb 2014 guaranteed maximum price, construction spring 2014, open fall 2016

Coldrsx May 2, 2013 7:23 PM

EDMONTON - City council should give final approval to the downtown arena next week and find the remaining $69 million in financing later, a new city report recommended Thursday.

But one councillor who has consistently backed the project said he can’t go along with this latest funding proposal, and thinks the deal could be dead.

“It will be an unfortunate thing to do, but it might come to that, that we might not be able to proceed with the downtown arena,” Coun. Amarjeet Sohi said.

“Not getting a commitment from the province at this time, up to the writing of the report, I don’t see how we will proceed with it.”

Coldrsx May 6, 2013 8:37 PM

Downtown booster group starts campaign to complete Edmonton arena deal


EDMONTON - A downtown booster group started an arena counteroffensive Monday by urging the city, the province and Oilers owner Daryl Katz to find a way to get the project built.

“Today we launch a coalition of support to something that’s too often diminished to just an arena for millionaire hockey players. It is much more than that,” said Simon O’Byrne, spokesman for the Downtown Vibrancy Coalition.

There’s $3-billion worth of development waiting on arena approval, bringing shops, condos, restaurants, an upgraded Jasper Avenue and other improvements to Edmonton’s core, he told 125 people at the group’s kickoff event, said O’Byrne, who is also vice-president and practice leader for urban planning at Edmonton-based Stantec.

Coldrsx May 8, 2013 3:49 PM

easy as pie May 8, 2013 5:02 PM

wow, good for edmonton. such a great looking stadium, any city would kill for that (except san francisco, where you'd be killed for even suggesting it). hopefully, the city does it right and doesn't put all its retail eggs in a mall basket.

Coldrsx May 8, 2013 5:05 PM

Arena decision postponed for a bit longer, but the CRL passed.

Paula Simons @Paulatics
The #yegarena CRL plan passes, with only Kerry Diotte and Linda Sloan opposing it. #yegcc

Coldrsx May 14, 2013 4:19 PM

Tower in the middle of this image is going to Design Council June 4th.

Coldrsx May 15, 2013 9:47 PM

Approved to move ahead with the arena in a 10-3 vote today!!! WOW!!!

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