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Accusations Surrounding New Oilers Arena
by Alanah McGinley on 08/07/08 at 12:45 PM ET
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From CBC,
The Canadian Taxpayers Federation is accusing Edmonton city officials of hiding some important facts in its review of a $450 million NHL hockey arena proposed for the downtown.
A city-funded report released in March recommended that Edmonton build a new arena to replace its aging Rexall Place and that the project be funded through a mix of private and tax dollars, a formula that has been used in many U.S. cities. The city would fund about 70 per cent of the project by borrowing against future downtown tax revenues.
But a draft copy of the report, obtained by CBC News and the CTF, says the NHL arenas in Vancouver, Ottawa, Montreal and Toronto were built with private financing alone, a detail that was omitted in the final version of the study.
“I don’t think most Edmontonians know that most other NHL arenas in Canada were built with 100 per cent private financing and I don’t think the committee wanted them to know, either,” said Scott Hennig, CTF’s Alberta director.
Filed in: NHL Teams, Edmonton Oilers | KK Hockey | Permalink
Tags: arenas, rexall+place,
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