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Roundup: Reaction to the latest downtown arena vote - MasterMaq.ca Blog
On Wednesday afternoon, City Council approved a financial framework for the new downtown arena. The vote passed 10-3, with Diotte, Iveson, and Sloan voting against. Council also agreed to spend $30 million to complete the design of the arena to 60%, to enable contractors to bid on the construction project with a Guaranteed Maximum Price of $450 million. From the news release: "A new downtown arena is a catalyst for revitalizing downtown. This is a fair agreement and will help sustain NHL hockey in Edmonton while increasing economic activity in the city," says City Manager Simon Farbrother. "It will also improve land values and the livability and sustainability of Edmonton for all citizens." John Karvellas from the Katz Group also issued a statement: "We very much appreciate City Council's strong vote of support for the downtown arena, as well as the considerable time and effort Mayor Mandel and City Administration, in particular, have put into this project. We will work with the