Edmonton moving forward...
Downtown Arena Timelines
City Council agreed on October 26 to move ahead with the design of a new downtown arena and approved a revised negotiated framework for the project. The table below outlines the projected timeline for the next steps in the development of the arena.
Council approval of land purchase October 14, 2011
Council approval of revised framework October 26, 2011
Council approval of capital project for design at cost of $30 million October 26, 2011
Council approval of Capital City Downtown Community Revitalization Levy boundary October 26, 2011
Council approval of borrowing bylaws for land and design November 9, 2011
Council approval of schematic design 2nd quarter, 2012
Council approval of Guaranteed Maximum Price November 2012
Council approval of capital projects for arena building and adjacent infrastructure November 2012
Council approval of borrowing bylaw for arena project November 2012
Borrowing for arena project Based on construction schedule