Edmonton rejects Oiler [Arena] bid for more taxpayer dollars
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09-19-2012, 03:26 PM
Join Date: Nov 2005
Location: 222 Tudor Terrace
Originally Posted by
Surely I don't have to literally explain to you the differences between Winnipeg's arena and the proposed arena
that Katz has designed, do I?
Winnipeg's arena was built for a paltry $135M. Edmonton's arena district is a proposed $450M+ that encases two rinks, world class design, restaurants, an indoor 'winter garden' (likely scrapped), several office towers, underground parking, condos and LRT access not to mention private investment in the form of bars/restaurants that are part of the project as developable land.
That is a project the city has to be involved in. There was a lot of research that went into developing a
project based on historical effects on arenas located in downtown areas. The conclusion was that an arena downtown itself does not revitalize the area and there are many failed arena-only cities worldwide where this is prevalent. They've concluded that a successful revitalization encompasses many aspects and thus the arena district was born. It should be seen as a municipal-wide initiative with the arena as a focal point of the whole revitalization project.
Katz' expectation of public funds is not unreasonable because this project is thinking Edmonton first and arena second. It's incredibly ambitious and one that will change the perception of Edmonton for decades to come if it's built.
TNSE in Winnipeg already own their arena and garner all of the ancillary attached revenue. They additionally own parking structures, a multiplex practice facility, ticketing agency, run a successful concert promotion business, own clubs and restaurants in the surrounding area with plans for more and are also currently building an office tower/hotel/other retail developments around the arena within a new Sports & Entertainment district.
(Longboat = Chipman)
Unlike in Edmonton, Winnipeg currently seems able to get things accomplished beyond the conceptual stage though.
Last edited by Gump Hasek: 09-19-2012 at
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