8/7/2019 Edmonton Arena Motion
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Edmonton city council arena motion passed on April 6, 2011
Main Motion (S. Mandel)
That Administration negotiate a financial framework for a
downtown City-owned sports andentertainment facility with the Katz
Group based on the following terms and conditions:
1. Maximum Price - $450,000,000 to be set prior to any approval
by Council of adequate priceguarantees
2. Confirmation of Katz Group commitment of $100M.
3. User fee (Ticket Surcharge) to fund capital costs of
$125M
4. Evaluate options for a CRL(s): That administration revise and
reframe projected CRLproject(s) to support the Citys overall
downtown plan with $20 million from the CRL to bedirected to arena
and the balance of proceeds used to support other priority
downtownprojects (Quarters, Jasper Avenue, Warehouse District) in
conjunction with the overall
downtown plan.5. a) Evaluation options for further support
(potentially $105 million) to be paid for by either direct tax
revenues from the arena, or savings from not having to pay current
subsidy andparking revenue increase to the City
b) That the total of 4 and 5 in terms of the Citys direct
contribution to the arena building wouldnot exceed $125million
6. City owns the arena and the land for any new facility.
7. Agreement on fair market value of the arena property.
8. An agreement is entered into with the Katz Group, with the
Katz Group responsible for operating costs and generating necessary
revenues for 30 years.9. Project cannot proceed until the balance
of funds are confirmed.
10. That Administration continues to work with Northlands to
ensure the City understandstheir financial challenges and how these
can be addressed.
11. Location agreement whereby the necessary agreements are
signed to ensure that theEdmonton Oilers operate out of the
facility for 30 years.
12. That the City retain the right to access to facility 4 weeks
per year uses to bedetermined by the City but may include
allocation of uses to Northlands or other bodies, for example, the
Canadian Finals Rodeo, Capital EX and other events the City deems
of civic
importance.13. City to negotiate options for potential revenue
sharing.
14. Investigate the opportunities for lottery through
establishment of foundation, withproceeds directed towards
community benefits in the new facility.
15. That Administration provide a report on options for the
naming rights.
Amendment (LS/SM) Carried
16. That Administration negotiate the requirement for a
Community Benefits Agreement
