Since nobody bought the relocation threat, Daryl Katz decided that an apology might be a good idea. Make no mistake the apology was a calculated as the threat to relocate was.
The Katz Group is using relocation to try and leverage a better arena deal. Unfortunately for them that leverage isn't worth a damn and now I think Edmonton City Council should yank the whole deal right off the table.
The Katz Group has asked the City of Edmonton to sweeten an already very sweet deal for the proposed downtown arena. But it's a bluff and Council needs to call that bluff.
I've always thought that, sooner or later, the arena deal would get done. With the latest developments now I'm not so sure.
Last week Gary Bettman, Daryl Katz, and Stephen Mandel got together and wouldn't you know it, things got decided and the deal got worse for the City of Edmonton. Consider me shocked.
I won't for a second deny that a new downtown arena would be a nice thing to have but is it something that the City of Edmonton and it's residents actually need?