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City Council Votes to Cease Talks With Katz Regarding a New Arena

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Not happy with a request from Daryl Katz for additional funding City Council has, for now at least, killed the downtown arena.

After a lengthy session this afternoon Council voted unanimously to cease negotiation with Daryl Katz on a new downtown arena. For those who have supported the deal this is a major blow but the message from Council today was clear, they do not see any reason for the additional subsidies that Daryl Katz is requesting. $6M annually is a significant gap to try and close so for now it appears that the deal is very much dead and the Oilers future in Edmonton will not be a great topic of debate.

Councillor Don Iveson tweeted a statement from Mayor Mandel this afternoon that probably best sums up Council is feeling right now.

Well said Mr. Mayor.