An election is approaching – an unpopular arena funding model seems to become more so by the day – A provincial budget came and went without $100 million in arena funding, leaving the Mayor’s “the money is coming, the money is coming” reality distortion field, bleeding on the side of the potholed road – And a couple more City Councillors have toyed with the idea of possibly, maybe, sort of, voting against the Arena framework as it heads back to Council without the Provincial funding we knew it wasn’t going to get.
Did I mention an election is coming?
Anyway, as it all heads to either a tear-filled finale or a ramming through from throat to rectum, I’d like to offer Council and Council hopefuls a solution, free of charge.
Cut Katz loose.
Aside from a 30+ year lease for the use of the facility for 41 days per year + the playoffs (if any), let’s do it without him. Let’s do it without the Katz drama, the Katz ego, the $20 million marketing deal and the forfeiture of facility revenues. Let’s do it without his meagre investment to be spread out over decades.
I don’t begrudge Daryl Katz for making fantastically one-sided business deals, I just wish my city could do the same. Here’s Edmonton’s chance – cut Daryl out. If we’re going to build it, if we’re going to own it, if the city is going to stretch its borrowing capacity by a half-billion dollars to do this; then let’s run our rink, fill its seats, and profit fully from it.
If we need partners going forward, who have the expertise and the ability to bring shows through the door; Then starting with a trip to LiveNation, City Council can send Simon Farbrother on the road with instructions to fill the barn, not give away the farm.