Council to hear from public on arena project
Published Monday, October 24, 2011 6:23PM MDT
Nearly 100 people have signed up to have their say at a public hearing for the downtown arena project.
"I can't see why we wouldn't build a downtown arena," Edmonton resident Zac Elias said.
"The amount of money in increased property taxes and bringing people back to downtown is going to be so worthwhile," he added.
City officials said over 90 people have requested to speak to council at a public hearing planned for Tuesday, October 25.
During Tuesday's meeting council will be discussing a report on the proposed funding agreement for the arena.
As it stands the Katz Group is expected to contribute $100 million while the City will contribute $125 million and another $125 million will come from a ticket tax. The City will also need to secure $100 million from the province for the project.
"How can we go ahead with a deal unless we have that money," Diotte asked. "That's a big chunk of cash."
"I love the idea of an arena but we need to know how much it will cost taxpayers," Councillor Kerry Diotte said.
Council will also be considering whether to spend the $30 million it will cost to issue a call for tenders on the building's design.
Anyone wishing to make a presentation has until 9:30 a.m. on Tuesday to sign up.