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.

🏟️