So Edmonton has an arena deal in place although it appears to be a deal dependent on at least one unknown so far ($25 million that Edmonton is counting on getting from the province’s regional collaboration grant). A read of this article,
link, (take it for what it is) seems to make this deal like a precarious house of cards with the Katz group carrying the smallest risk.
So in reality, what does this mean to the average Edmonton tax payer? How long to pay off the up-front money (loans) needed to make this all work? And what of the very real Northlands risk to the city.
No doubt, Calgary's new arena deal is on the foreseeable horizon but let's just hope that it's a bit more solid in it's base then what this Edmonton arena deal appears to be.