Edmonton rejects Oiler [Arena] bid for more taxpayer dollars
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09-19-2012, 05:01 PM
Join Date: May 2004
It sounds like Katz wants to build something similar to the LA Live complex down here. You've got Staples Center, two hotels, condos, the Nokia Theater, a bunch of restaurants.
Anschutz bought the Kings in October of 1995 with the goal of building a brand new arena and this big entertainment district. That was his plan from the beginning. Staples Center was finished in 1999. Construction on LA Live didn't begin until 2005.
So my question is, why does Katz have to get everything he want built right away? Why can't it be done in phases? Get the arena done first, start making increased profits for the Oilers due to more luxury boxes and better club/premiere seating options. If people see you can get that done, I'd imagine that would increase the odds of finding investors for the entertainment/residential complex that he wants built around the arena.
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