Katz... pronounced like "kate zzzz"... or.. is it really more like "cat zzz".
Lets face it, many people enjoy a nice warm kitty kat laying in your lap, purring away like mad. It gives one that very warm and fuzzy feeling. So warm and fuzzy, that one tends to overlook the downside of that same kitty kat, when it uses you as a launch pad to jump down, ignores you, goes off into a corner some place to take a nap...only to come out an make an appearance when the kitty kat wants food.
Repeat often. (sounds kinda familiar eh?)
When you look at the start of this apology letter "I was upset when certain conﬁdenial information was leaked and by comments that I thought were unfair and called my integrity into question." it is basically saying that I am really sad you found out I wanted to take even more of the taxpayers money, and I find it is unfair that you think that is a bad thing.
At that point, anything else in this so-called-apology isn't really worth the internet data it has been written on.
Yes, I am sure Mr. Katz loves the Oilers. I have serious doubts that he really loves Edmonton. But he has a chance to prove it, and really... it is quite simple. Just issue a statement, something like this:
"I want the Oilers to be proud and strong, and I want the fans to feel proud and strong. I have approached Edmonton City Council, and brought forth a new deal proposal that is truly a win-win for both taxpayers and us. The details of the new offer are as follows:
1) The Katz Group (KG) will put up front, using our money, the sum of $250 million dollars. The City will put in the remaining $200 million from revenues and ticket taxes.
2) KG and the City will share in revenues, with KG taking 60% and the City taking 40%.
3) KG will not be required to pay rent, but will pay full property taxes.
4) The City will own and maintain the facilities, collect all rents and taxes from any additional tenants, and will work together with both the KG and Northlands in concert and entertainment proposals and promotions.
5) No funds will be borrowed from the City.
6) No CRL will be needed.
7) No restrictions will be requested from Northlands. Any ticket taxes imposed for the new arena will also apply to Rexall, and those funds will be given to Northlands for improvements needed.
8) KG will share 50-50 with the City, on naming rights revenues.
Now THAT... is what you call a fair and "win-win"... Anything less than that will probably please some 20,000 odd fans that will hit the games on a regular basis, but it will certainly piss off some 600,000 residents. ... the vast majority of those who will be voting for a new City Council in 2013... just around the corner.