In just a few weeks the City of Edmonton has to make a crucial decision on the future of Northlands and possibly K-Days.
Councillors in the capital will vote August 31st on Northlands’ vision for the future now that the Oilers have pulled out and moved downtown to the new Rogers Place.
Northlands is now looking for roughly $48 million in debt forgiveness from the city as well as an investment in its redevelopment strategy which includes a plan to reuse Rexall Place for young hockey players.
Northlands CEO Tim Reid talked to Global News about the situation they’re in.
” When they made the decision to build Rogers Place and change the business model of Rexall Place, our ability to service that debt has been challenged. So if council is unwilling to provide us some time, or some relief on that loan, then quite frankly the board of directors at Northlands has suggested we’ll wind up the business.”
Christy Morin sits on that board.
“We really believe that there is support to continue Northlands. If there wasn’t support we would have to look at different strategies and perhaps not see K-days next year.”
K-Days just wrapped up a successful year with over 800,000 visitors.
Reid has a message for the City of Edmonton.
You have to realize that taking 1.5 million visitors away from northeast Edmonton and not finding a solution for the future of Northlands, we just simply can’t allow for that to happen.”