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)
What companies does Daryl Katz own?
Katz is founder and chairman of the Katz Group of Companies, one of Canada's largest privately-owned enterprises, with pharmacy, sports & entertainment, and real estate development businesses. Katz Group owns the Edmonton Oilers, and led the development of Rogers Place and the Ice District.
Does Daryl Katz own Rexall?
REAL TIME NET WORTH. Daryl Katz amassed a fortune in the pharmacy business, buying the Canadian rights to U.S. franchise Medicine Shoppe in 1991. A few years later he snatched up struggling Canadian drugstore chain Rexall, then expanded to the U.S. market. Katz also owns his native city's NHL team, the Edmonton Oilers.