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Markham, Ont., council votes against using public funds for proposed arena

The Canadian Press
By:
The Hockey News
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Markham, Ont., council votes against using public funds for proposed arena

The Canadian Press
By:

MARKHAM, Ont. - City council in Markham, Ont., voted 11-2 Wednesday night against using any public funds to build an NHL-sized arena.

The vote effectively kills a proposed financial framework with businessman Graham Roustan, the CEO of GTA Sports and Entertainment.

The proposed plan was to have Roustan's company put up half of the cost, $162.5 million, for a 20,000 set arena while the city would cover the other half.

Last week, Roustan put forth another plan in which he would increase his share of the cost to about $200 million.

Council decided to study that proposal further.

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Markham, Ont., council votes against using public funds for proposed arena