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Alberta premier stands firm on no funding for Oilers' arena

The Canadian Press

5/17/2012 10:53:13 PM

EDMONTON -- Alberta Premier Alison Redford has re-stated that the province will not be investing $100 million in the downtown Edmonton arena project.

Redford told reporters Thursday before the annual premier's dinner in Edmonton that her government's perspective has not changed and will not change.

But that doesn't mean that provincial money won't end up in the project.

Redford says the city can always use its share of the province's municipal sustainable fund.

New concept images and video of the downtown arena were released to the public earlier this week.

The price tag for the project has reached $532 million as a result of surrounding infrastructure including cost of land, transit connections, and sidewalks.

Coun. Kerry Diotte said Thursday that Edmonton Oilers' owner Daryl Katz should be the one to put more cash into the project.

"I don't think it's a good deal for taxpayers," Diotte said.

But Mayor Stephen Mandel has said Katz has already agreed to cover a large portion of the project.

"He's taken on the obligation of maintenance and capital improvements as well as renovations for the building," Mandel said.

"I'm not sure what more people expect him to do. I think it's fair and equitable what he's done."