New funding option for NHL-caliber arena in Toronto suburb


There’s a new proposed financial framework to build an NHL-caliber rink in the Toronto suburb of Markham, according to the general partner of the project, GTA Sports & Entertainment.

From the press release:

This new option proposes that GTA Centre, LP would be responsible for funding all costs towards the construction of the GTA Centre above a maximum amount of $162.5 million, which the City of Markham would facilitate through receiving private sector developer contributions.

As a result of this new option for the financial framework, the City of Markham would no longer need to borrow $325 million — as in the original financial framework option that was approved by an 11-2 vote by City Council in April 2012 — and the GTA Centre would be 100% privately funded.

Two leading investment banking firms, Wall Street firm Jefferies LLC and Bay Street firm Canaccord Genuity have joined the GTA Centre team to support this new option.

Concerns were raised last year about the financial framework of the project. It was reported in August that the deal could be dead by September. Hence, the new proposed framework.

“We believe that our new option should be considered seriously by Council members,” said W. Graeme Roustan, Chairman and CEO, GTA Sports & Entertainment. “I have met with several private sector developers who support the GTA Centre and want to make financial contributions to the city towards its development. I am very confident that the City of Markham will come up with a satisfactory way to receive the contributions from the private sector developers.”

Roustan has claimed in the past that an NHL tenant is not required in order for the building to be profitable; however, if a new rink is indeed built, expect the expansion/relocation speculation to heat up again.

Scary moment: Carlo Colaiacovo hospitalized with ‘dented trachea’

Leave a comment

Buffalo Sabres defenseman Carlo Colaiacovo has experienced plenty of bad injury luck in his winding career, but Saturday presented one of his worst scares.

As you can see from the video above, Colaiacovo received a scary cross-check from Viktor Arvidsson of the Nashville Predators, who received a major penalty and game misconduct.

Sabres head coach Dan Bylsma said that Colaiacovo was hospitalized with a “dented trachea” yet is OK, the Buffalo News’ John Vogl reports.

Frightening stuff from an eventual 4-1 Sabres win.

PHT will keep an eye out for additional updates regarding Colaiacovo’s health (and a possible suspension for Arvidsson).

Comeback Kings: Gaborik pulls L.A. past Kane, Blackhawks

Jake Muzzin, Scott Darling

Patrick Kane set an American scoring record, and added another assist to make it more impressive, but the Los Angeles Kings just wouldn’t be denied.

In the end, Marian Gaborik‘s big night meant more than Kane’s; he scored the tying and then overtime game-winner, both assisted by Anze Kopitar, for a rousing 4-3 overtime Kings win.

Gaborik’s first goal:

And here’s video of the OT-GWG:

Noticing a theme tonight? Yeah, it’s been an evening in which it’s dangerous to assume a lead would stand.

With that, the Kings stick to the No. 1 spot in the Pacific Division, but Chicago shouldn’t feel all bad. The Blackhawks were able to piece together a decent run during their dreaded “circus trip.”

Patrick Kane’s streak hits 19 games, setting a new American record


When it comes to point streaks for U.S.-born NHL players, Patrick Kane now stands alone.

With a power-play goal early in Saturday’s Blackhawks – Kings game, Kane extended his streak to 19 games, breaking a tie with Phil Kessel and Eddie Olczyk (who finished with at least a point in 18 straight).

As of this writing, Kane has 11 goals and 19 assists during this 19-game streak. He also leads the NHL in scoring.

Bobby Hull’s 21-game point streak stands as the Chicago Blackhawks’ overall team record, by the way.

So, how would you protect a lead against the Stars?


You know what they say: it’s easy to bash a strategy in hindsight.

Slam that NFL head coach for going for it on fourth down … or settling for the field goal. Bury that MLB manager because he kept a pitcher in too long. And so on.

“Score effects” settle in during almost any lopsided hockey game, yet the Dallas Stars present quite a conundrum: what’s the best way to put a way a team with this much firepower?

Tonight may have presented the greatest evidence that this team won’t go away easy, as it seemed like the Minnesota Wild had the best of a tired Stars team* when they built a 3-0 lead.

Instead, the Stars scored three third-period goals while Tyler Seguin capped the comeback with an overtime-winner.

It was one of those bend-and-then-break moments for Minnesota. Dallas generated a 44-26 shot advantage, including a ridiculous 35-15 edge in the final two periods.

Does that mean that Mike Yeo may have tried to play too conservatively with a healthy lead? It’s a possibility.

On the other hand, would the Wild be wiser to try to run-and-gun with one of the most dangerous offenses in the NHL?

It sure seems like a pick-your-poison situation. Which way would you lean, though?

* – To be fair to Minnesota, each team was on back-to-backs.