NHL Rumours: Are the Edmonton Oilers Relocating To Quebec City?

December 2nd, 2010 by Edmond Dantes Leave a reply »
According to the Edmonton Journal, the Edmonton Oilers' top executives will meet with Regis Labeaume, the mayor of Quebec City, to discuss relocating the Oilers to there.

Kevin Lowe said "We don't know what to expect from this meeting. Just the fact that we're meeting with Labeaume to discuss possibilities, the sky is the limit. Exchanging ideas is the main goal of the meeting."

The Katz Group is trying to get financing for a $1 billion arena in Edmonton. They ask that the city borrow $400 million to fund this, and then pay it back with the added tax revenues from the developments.

As the process is going slowly, the Katz Group is looking at other options. Some city councillors don't like the idea, but the Mayor calls it "innovative and creative."

The Katz Group wants construction on the new arena to begin within 18 months. They've even discussed it with commissioner Gary Bettman two weeks ago. However, if the negotiations keep dragging out like this, they will seriously consider any offer Quebec City may make them.

Quebec City already has the support of the province to build a $400 million arena to bring hoc ...

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