|This article is outdated. (April 2013)|
|Broke ground||Spring 2014 (planned)|
|Opened||September 2016 (planned)|
|Owner||City of Edmonton|
|Operator||Edmonton Arena Corporation|
|Construction cost||C$480 million|
Arndt Tkalcic Bengert
|Project manager||ICON Venue Group|
|Structural engineer||Thornton Tomasetti|
|Services engineer||M-E Engineers, Inc.|
|General contractor||PCL Construction|
|Field dimensions||775,000 square feet (72,000 m2)|
|Edmonton Oilers (NHL) (2016-beyond)|
Rogers Place is a new multi-use indoor arena in Edmonton, Alberta, that is currently in the planning stages. It will mainly be used for ice hockey and other indoor sports, as well as music concerts. The planned opening date is still unknown, and the arena will have a capacity of 18,500 spectators. Once completed, it will replace Rexall Place as the home of the NHL's Edmonton Oilers. The arena will be located at the block between 101 and 105 Streets and 104 and 105 Avenues. Public transit access to the arena will be provided by the Edmonton Light Rail Transit system (through the North LRT extension currently under construction) and Edmonton Transit System buses.
Planning and funding
The arena building was initially estimated to cost $450 million. The city of Edmonton was to pay $125 million, the Katz Group was to contribute $100 million, and $125 million was to come 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 $601 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 to 3. However a year later, 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 will see 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 will chip in an additional $15 million through the Edmonton Arena Corporation and another $15 million will come from the Community Revitalization Levy (CRL).
On December 3, 2013, Rogers Communications announced that it had obtained a 10-year naming rights deal for the new arena, which will be known as Rogers Place. The deal expands on Rogers' existing sponsorship deals with the team.
The arena will be funded by the following sources:
- $279-million from Community Revitalization Levy (CRL) and other incremental revenues (increased parking revenue, reallocation of existing subsidy paid to Northlands and new taxes from business in the arena)
- $125-million from ticket surcharge on all events in the new arena
- $137.81-million from lease revenue for the Arena
- $23.68-million in cash from EAC
- $25-million from other government sources
Real estate impact
Rogers Place is estimated to increase the value of real estate within a 1-mile (1.6 km) radius by hundreds of millions of dollars according to University of Alberta economist Brad Humphreys.
Rogers Place is already being tied to a "hospitality explosion" as operators are setting up their operations now for later. There are far fewer options to lease or purchase as competition mounts.
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- Staples, David (November 22, 2009). "Arena Expected to Pump Property Values". Edmonton Journal. Retrieved January 12, 2013.