Ottawa Senators owner Michael Andlauer says there is a desire to move the team to a new arena, but it will be costly and it has to make sense for everyone.
Appearing on TSN 1200 on Monday, Andlauer was asked whether he and his partners would be willing to privately fund a new rink for the Sens.
"I think a new arena may cost $900 million. It's just not one of those things that you kinda go in your pocket and say, 'Oh, jeez, I got some spare change here, I'll be able to do it.' It has to make economic sense," he said. "I don't know what it's going to take."as an example of a public-private partnership model that he believes worked well for all groups.
The costs of Edmonton's Rogers Place were split between the Katz Group, the city of Edmonton, and through a ticket surcharge. The city raised its share, $226 million, via a community revitalization levy, new parking revenues, and redirecting subsidies.
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