page_title: Rogers Place
section_title: Development
hierarchical_section_title: Rogers Place / Development
caption_attribution_description: The first pre-season game for the Edmonton Oilers at Rogers Place.
context_page_description: Rogers Place is a multi-use indoor arena in Edmonton, Alberta, Canada. Construction started in March 2014, and the building officially opened on September 8, 2016. The arena has a seating capacity of 18,500 as a hockey venue and 20,734 as a concert venue.
  It replaced Northlands Coliseum as the home of the NHL's Edmonton Oilers and the WHL's Edmonton Oil Kings. The arena is located at the block between 101 and 104 Streets and 104 and 105 Avenues. Public transit access to the arena is provided by the Edmonton Light Rail Transit system and Edmonton Transit Service bus.
context_section_description: 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. The remaining money was expected to come from the province or federal agencies. 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.
  On October 26, 2011, the Edmonton City Council approved a funding framework for the arena by a vote of 10–3. A year later, however, 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.
  On May 15, 2013, the Edmonton City Council passed a deal that saw 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 chipped in an additional $15 million through the Edmonton Arena Corporation and another $15 million came from the Community Revitalization Levy (CRL).
  On December 3, 2013, Rogers Communications announced a 10-year naming rights deal for the new arena, henceforth known as Rogers Place. Rogers Place is one of three Rogers-branded sporting facilities in Canada (and one of two in the NHL), alongside Rogers Centre in Toronto and Rogers Arena in Vancouver.
  The arena was funded by the following sources:
  $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. On February 11, 2014, it was announced that the project was completely funded, and would go ahead. Construction of the new arena broke ground in March 2014.
  The arena triggered a "hospitality explosion" downtown before ground was even broken, as businesses competed for properties around the arena site. In early 2014, there were far fewer options to lease or purchase as competition mounted, including Brad J. Lamb, who announced a $225 million pair of new condo towers.
  By December, it was estimated that $2.5 billion in downtown development had been directly connected to Rogers Place. On July 13, 2015, it was announced that the arena district would be officially branded as Ice District, spanning from 103rd Avenue to 106th Avenue. Ice District has ranked as the fastest growing arena district in the history of similar projects.
caption: Rogers Place in September 2016 during a pre-season Oilers game versus the Calgary Flames.
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