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Was today's downtown arena news a setback or a setup? - MasterMaq.ca Blog
Today behind closed doors City Council discussed a request from the Katz Group for more public money for the downtown arena project. In a letter to City Manager Simon Farbrother, the Katz Group's John Karvellas wrote: "…we believe the City has significant capacity beyond its commitment of $45 million to help fund the arena, which by all accounts is the catalyst for the CRL itself and which can help to fund so many other important projects to benefit downtown and the entire city." Council voted simply to reaffirm its commitment to the funding arrangement that was agreed upon nearly a year ago. Though the Katz Group letter outlines rising costs, it seems as though the request was actually for new concessions. And that didn't sit well with Council. Only Councillors Sloan and Diotte voted against the motion (they had also voted against the funding deal). Much of the discussion about today's news has focused on the absurdity of a last-minute request from the Katz Group. Many have been