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Rogers Place

Coordinates: 53°32′49″N 113°29′52″W / 53.54694°N 113.49778°W / 53.54694; -113.49778
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Rogers Place
File:Rogers Place Logo.png
Rogers Place under construction in January 2016
Map
Location10220 104 Avenue, Edmonton, Alberta
Coordinates53°32′49″N 113°29′52″W / 53.54694°N 113.49778°W / 53.54694; -113.49778
Public transitEdmonton LRT (MacEwan)
OwnerCity of Edmonton
OperatorOilers Entertainment Group[3]
CapacityHockey: 18,641
Basketball: 19,500
Concert: 20,734
Construction
Broke groundMarch 3, 2014[1]
Opened2016 (planned)[2]
Construction costC$480 million
Architect360 Architecture[4]
DIALOG[5]
Manica Architecture[5]
Arndt Tkalcic Bengert[5]
Project managerICON Venue Group[8]
Structural engineerThornton Tomasetti[5]
DIALOG[6]
Services engineerM-E Engineers, Inc.[5]
General contractorPCL Construction[7]
Tenants
Edmonton Oilers (NHL) (2016–beyond)
Edmonton Oil Kings[9] (WHL) (2016–beyond)
Website
Official website

Rogers Place is a multi-use indoor arena under construction in Edmonton, Alberta, Canada. It will mainly be used for ice hockey, and for other indoor sports, but will also be configurable as a venue for concerts or other events. Construction started in March 2014, and the building is expected to open before the 2016–17 NHL season. The arena will have a seating capacity of 18,641 as a hockey venue and 20,734 as a concert venue.[10] 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 104 Streets and 104 and 105 Avenues. Public transit access to the arena will be provided by the Edmonton Light Rail Transit system (MacEwan Station on the Metro Line) and Edmonton Transit System buses.

Development

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 come from a user-paid facility fee.[11] The remaining money was expected to come from the province or federal agencies.[12] 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.[13]

On October 26, 2011, the Edmonton City Council approved a funding framework for the arena by a vote of 10 to 3.[14] 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.[15][16]

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).[17] On December 3, 2013, Rogers Communications announced a 10-year naming rights deal for the new arena, henceforth known as Rogers Place. Rogers is the official sponsor of the Edmonton Oilers, and official broadcaster of the Oilers and the National Hockey League.[18]

The arena will be funded by the following sources:[2]

  • $279 million from the 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 Edmonton Arena Corporation
  • $25 million from other government sources

A new agreement was reached on January 23, 2013 between the two parties on moving forward with the arena.[19] On February 11, 2014, it was announced that the project was completely funded, and would go ahead.[13][20] Construction of the new arena broke ground in March 2014.[21]

Real estate impact

As of December 8, 2014, $2.5 billion in downtown development have been directly connected to Rogers Place.[22] In March 2014 Brad J. Lamb announced $225 million of investment planned to build two new condo towers. The towers are directly correlated to the arena going ahead.[23] In addition to Brad Lamb's proposed condos, in early 2015, preliminary drawings were released to the public showing development of three residential towers between 103 Avenue and 104 Avenue on 106th Street to be developed by an Ontario real estate development company. These towers would accommodate approximately 1,300 dwellings.

Rogers Place is estimated to increase the value of real estate within a 1-mile (1.6 km) radius[24] by hundreds of millions of dollars, according to University of Alberta economist Brad Humphreys. The Edmonton Arena District is the fastest growing arena district in the history of similar mega-projects [25]

Rogers Place was tied to a "hospitality explosion" even before ground was broken as operators were setting up their operations in anticipation of the new arena. In early 2014 there were far fewer options to lease or purchase as competition mounted.[26]

On July 13, 2015, it was announced that the area of the city surrounding the arena from 101 and 104 Street to 103 and 106 Avenue would be referred to as Ice District a name created by Daryl Katz, owner of the Edmonton Oilers. The name was discussed by stakeholders, partners, and vetted by focus groups.[27][28]

References

  1. ^ "Construction on Rogers Place Begins". CTV Edmonton. March 3, 2014. Retrieved March 4, 2014.
  2. ^ a b "Final Piece of Funding for Downtown Arena Approved". City of Edmonton. May 15, 2013. Retrieved June 7, 2013.
  3. ^ "Katz Group, Sports and Entertainment". Katz Group of Companies. Retrieved September 8, 2014.
  4. ^ Staples, David (January 16, 2012). "With 360 Architecture, Edmonton's Arena Project Will Have the Right Designer". Edmonton Journal. Retrieved May 17, 2013. {{cite news}}: Italic or bold markup not allowed in: |newspaper= (help)
  5. ^ a b c d e "Edmonton Arena" (PDF). Thornton Tomasetti. Retrieved June 7, 2013.
  6. ^ "Most exciting phase of downtown arena construction begins". Edmonton Journal. September 30, 2014. Retrieved February 26, 2015.
  7. ^ "PCL Chosen to Build Downtown Arena". CBC News. April 13, 2012. Retrieved April 15, 2012.
  8. ^ Stolte, Elise (January 16, 2012). "Downtown Arena Project Moves Forward with Project Manager and Architect Choices". Global News. Retrieved January 22, 2012.
  9. ^ Jones, Terry (April 17, 2014). "With Rogers Place Plans, What You Can't See Is Just As Strong As What You Can". Edmonton Sun. Retrieved April 17, 2014. {{cite news}}: Italic or bold markup not allowed in: |newspaper= (help)
  10. ^ Salz, Allison (June 2, 2014). "Edmonton media get sneak peek at downtown arena construction site". Edmonton Sun. Retrieved June 2, 2014. {{cite news}}: Italic or bold markup not allowed in: |newspaper= (help)
  11. ^ Associated Press (May 19, 2011). "Oilers, Edmonton Set Arena Finance Plan". ESPN. Retrieved November 7, 2011.
  12. ^ "No Promises from Province on Edmonton Arena Money". CBC News. May 19, 2011. Retrieved November 7, 2011.
  13. ^ a b Parrish, Julia (February 11, 2013). "City announces downtown arena budget met, work on Rogers Place to move forward". CTV Edmonton. Retrieved February 12, 2014.
  14. ^ "Council Approves Downtown Arena Deal". CBC News. October 26, 2011. Retrieved November 7, 2011.
  15. ^ "Edmonton to End Arena Talks with Oilers' Owner Katz". CBC News. October 18, 2012. Retrieved January 26, 2013.
  16. ^ Parrish, Julia (October 17, 2012). "Council Votes to Cease Arena Negotiations". CTV Edmonton. Retrieved January 26, 2013.
  17. ^ "Edmonton City Council Passes New Arena Deal". CBC News. May 15, 2013. Retrieved June 7, 2013.
  18. ^ "Downtown arena will be named Rogers Place". CBC News. December 3, 2013. Retrieved December 3, 2013.
  19. ^ Mertz, Emily (23 January 2013). "Edmonton city council approves arena framework with Katz Group". Corus Entertainment Inc. Global News Edmonton. Retrieved 1 May 2016.
  20. ^ Kent, Gordon (February 11, 2014). "Downtown Arena Gets Green Light for $480M". Edmonton Journal. Retrieved February 11, 2014. {{cite news}}: Italic or bold markup not allowed in: |newspaper= (help)
  21. ^ "Rogers Place construction starts Monday". CBC News. March 3, 2014. Retrieved April 16, 2016.
  22. ^ http://metronews.ca/news/edmonton/1234261/edmonton-seeing-2-5-billion-in-downtown-development-connected-to-new-arena/
  23. ^ Lamphier, Gary (March 12, 2014). "Condo Projects on the Rise in Shadow of Edmonton's New Arena". Edmonton Journal. Retrieved May 8, 2014. {{cite news}}: Italic or bold markup not allowed in: |newspaper= (help)
  24. ^ Staples, David (November 22, 2009). "Arena Expected to Pump Property Values". Edmonton Journal. Retrieved January 12, 2013. {{cite news}}: Italic or bold markup not allowed in: |newspaper= (help)
  25. ^ Staples, David (May 27, 2015). "Edmonton Arena District is the fastest growing arena district in the history of such mega-projects". Edmonton Journal.
  26. ^ Hicks, Graham (October 11, 2013). "The Downtown Hospitality Explosion". Edmonton Sun. Retrieved January 9, 2014. {{cite news}}: Italic or bold markup not allowed in: |newspaper= (help)
  27. ^ Shaw, Stewart (July 13, 2015). "'Milestone announcement' for Edmonton expected". CTV Edmonton. Retrieved July 13, 2015. {{cite news}}: Italic or bold markup not allowed in: |newspaper= (help)
  28. ^ Mah, Bill (July 13, 2015). "Oilers CEO says Ice District a 'crisp and clean' new name for arena district". Edmonton Journal. Retrieved July 14, 2015. {{cite news}}: Italic or bold markup not allowed in: |newspaper= (help)
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