In an hour-long telephone interview with the Journal arranged at his request, Daryl Katz termed the downtown arena project “far too important to fail,” a spectre that arose last week as a result of a report to city council that pegged the new cost of the arena at $475 million and revealed other requests from the Katz Group, including a $6-million annual operating subsidy to run the facility.

Listen to the audio below:

Listen to the interview on your mobile device - http://snd.sc/OWkoLA