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City, Oilers agree on plan for new Edmonton arena

Updated: January 23, 2013, 4:27 PM ET
Associated Press

EDMONTON, Alberta -- The Edmonton Oilers and the city have agreed to resurrect a deal to build a new downtown arena.

City councilors have voted to accept a cost-shared deal for a $480 million rink. After surrounding infrastructure is added in, the final bill will be $601 million.

The money will come from taxpayers, Oilers owner Daryl Katz and a ticket tax. The deal is still more than $100 million short, which is money Edmonton Mayor Stephen Mandel hopes will come primarily from the ...

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