In case you weren’t tipped off to the idea that Edmonton Oilers owner Daryl Katz wasn’t going to get his requested $100 million in provincial funds for a new arena when Alberta officials said there was no money in the budget, now it’s official: The budget is out, and there’s no money in it. The province indicated, as it has before, that Edmonton can use money from its
state provincial-funded Municipal Sustainability Initiative budget if it wants, but Edmonton pointed out, as it has before, that it already has dedicated that money to other projects.
So, we’re back in the same stalemate we’ve been in for years: Despite Edmonton being willing to give Katz a ton of money, there’s still a $100 million hole that nobody is offering to fill. Downtown Business Association Jim Taylor said yesterday that “the arena is a done deal and this doesn’t change it,” but there are done deals, and then there are done deals.