Oilers, city reach arena agreement framework

Edmonton officials and the owners of the Oilers have reached a

framework agreement to finance a $450 million downtown arena for

the team.

The deal would see the city provide $125 million and the Katz

Group, which owns the Oilers, pay $100 million; another $125

million would come from a user-paid facility fee.

Edmonton Mayor Stephen Mandel says they will now approach the

provincial and federal governments for the remaining $100 million.

A spokesman for Alberta Premier Ed Stelmach says the provincial

government will look at the specifics of any request to spend $100

million for the arena. But Mandel says the government won’t

subsidize privately owned enterprises.