Edmonton rejects Oiler [Arena] bid for more taxpayer dollars
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12-11-2012, 04:27 PM
Join Date: Nov 2006
Originally Posted by
Why would Katz agree to a private arena.
It would be a good deal for Katz. He would have gotten the real estate development, naming rights for the arena, all revenues 11 months per year, $120 million in manangement fees and have to pay ~$5 million in annual rents. He could probably get the $5 million in naming rights alone.
I shudder to think what the old "Ghost of Maroon Road" would have thought about this.
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