Good for the Oilers. They need a new arena badly. They have one of the 2 worst arenas in the NHL IMO (Nassau Coliseum is the other).
I wouldn't celebrate yet guys. This deal is still pending on $100million in funding from the provincial government. According to council, that will be decided upon by the Province in a month's time.
So for now... the City and Katz's people have agreed to build the arena for $480million, but if the Province refuses to provide $100million then..... who knows?
I can't wait until they get a team to go along with it!