Markham council votes down motion to scrap arena financing scheme; closer to building an NHL-size arena
 

Markham council votes down motion to scrap arena financing scheme; closer to building an NHL-size arena

 

 
 
 
 
Former NHLPA executive director Paul Kelly has spoken in favour of an NHL-size arena in Markham.
 

Former NHLPA executive director Paul Kelly has spoken in favour of an NHL-size arena in Markham.

Photograph by: NHLPA handout, PNG

MARKHAM, Ont. — Markham is a step closer to building an NHL-size arena after its city council voted Tuesday night to keep a plan to contribute public money to the proposed project.

After several hours of debate and input from residents, council voted 7-6 to reject a motion that sought to scrap the current arena plan.

It would see Markham borrow $325 million to build a 20,000 seat area on a vacant lot (near Highway 407 and Kennedy Road).

The private partners behind the project would repay half of the loan and the city would pay off the other half through levies on developers.

Before the vote, mayor Frank Scarpitti said the arena was an “incredible opportunity” and that the cost would not be passed on to current residents.

 
 
 
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Former NHLPA executive director Paul Kelly has spoken in favour of an NHL-size arena in Markham.
 

Former NHLPA executive director Paul Kelly has spoken in favour of an NHL-size arena in Markham.

Photograph by: NHLPA handout, PNG

 
 
 
 
 
 
 
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5/25/2013 5:17:25 AM
 
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