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RetroSeasons
RetroSeasons recaps past sports seasons through stories, photos, videos, and stats from every team, league, and stadium in history. Coverage includes the NBA, NFL, MLB and NHL, as well as vintage media from defunct teams and leagues.
Rogers Place
Located in Edmonton, Alberta
The arena building was initially estimated to cost $450 million. The City of Edmonton was to pay $125 million, the Katz Group of Companies was to contribute $100 million, and $125 million was to be paid from a user-paid facility fee. The remaining money was expected to come from the province or federal agencies. Estimated cost then increased substantially during continued discussions to a current estimated price of $480 million for the arena, and $604.5 million for the entire project.
On October 26, 2011, the Edmonton City Council approved a funding framework for the arena by a vote of 10–3. A year later, however, with costs escalating and the Katz Group making increasing demands, the city passed a motion to end negotiations with the Katz Group and to seek out a new deal or find other options but would still be open to communicating with Daryl Katz for future talks.
On May 15, 2013, the Edmonton City Council passed a deal that saw the City of Edmonton, and Oilers owner Daryl Katz each put in more money to offset the $55 million shortfall needed to build the new downtown arena. Katz chipped in an additional $15 million through the Edmonton Arena Corporation and another $15 million came from the Community Revitalization Levy (CRL). On December 3, 2013, Rogers Communications announced a 10-year naming rights deal for the new arena, henceforth known as Rogers Place. Rogers Place is one of three Rogers-branded sporting facilities in Canada (and one of two in the NHL), alongside Rogers Centre in Toronto and Rogers Arena in Vancouver.