Posted Aug 5, 2016, 1:09 AM
|
 |
Registered User
|
|
Join Date: Feb 2010
Location: Edmonton
Posts: 6,893
|
|
Edmonton's K-Days will continue despite Northlands threat to pull out, says mayor
http://www.cbc.ca/news/canada/edmonton/e...-threat-to-pull-out-says-mayor-1.3708300
Quote:
Mayor Don Iveson says he's confident K-Days will continue next year, even if it doesn't happen at Northlands.
He made the comments in response to Northlands CEO Tim Reid, who said Tuesday that K-Days is in jeopardy next year unless council agrees to fund $165 million in renovations.
Northlands has also asked council to forgive a $47-million loan debt owed to the city for expanding the Expo Centre.
"Council never responds well to being put under that sort of pressure," Iveson said Thursday.
K-Days saw a 2.3-per-cent increase in attendance this year, and Iveson said he expects K-Days will only improve in the future, regardless of who runs it.
"I'm confident there will be a K-Days, or something like it, next year, operated by Northlands, or somebody like it … one way or the other," Iveson said.
Reid later clarified his remarks, saying that it is only Northlands' ability to host K-Days that is in jeopardy.
|
Quote:
Iveson said council will have to debate whether or not to forgive the Northlands loan before it begins to look at putting new money into the property, which is owned by the city.
He said council won't be rushed into a decision on the massive refurbishment to turn Rexall Place into a hockey multiplex, as well as other proposed improvements to the Northlands site.
He noted council's track record is not as good when it makes decisions too quickly.
Reid said Iveson is right to want to take the time needed to get the project right. But he said it's his job to be clear with council about the financial risk of waiting too long, in the wake of development of the new downtown arena.
|
Quote:
Iveson said the land is owned by the city, which has ordered Northlands to take no further action.
"Any and all decisions about real estate development on any part of the Northlands campus would be a city decision," Iveson said.
|
|