By Staff The Canadian Press
Posted December 5, 2013 12:09 pm
Updated December 5, 2013 2:23 pm
1 min read
This article is more than 12 years old and some information may not be up to date.
Diminish article font size
Increase article font size
MARKHAM, Ont. – The council in Markham, Ont., voted 11-2 on Wednesday night against the idea of using public money to construct an NHL-sized arena.
This decision essentially ends a proposed financial agreement with Graham Roustan, the CEO of GTA Sports and Entertainment.
The initial plan involved Roustan’s company covering half of the $162.5 million cost for a 20,000-seat arena while the city would fund the other half.
Get daily National news
Get daily Canada news delivered to your inbox so you’ll never miss the day’s top stories.
Last week, Roustan presented another proposal where he would increase his financial contribution to around $200 million.
Council decided to look into that offer further.
VIDEO: New survey opposes public funding for Markham arena. Mark Mc Allister reports.
Source link
