The Future is Yet To Come...

Presented by The Goldfire Group

Edmonton Coliseum Civic Election Debate

As Edmontonians prepare to head to the polls in October 2025 to elect a new city council, it’s critical to reflect on the decisions made by current council members—and how those decisions have affected our city, our taxes, and our future.

One of the most hotly debated topics has been the future of the Edmonton Coliseum. Once a bustling hub of entertainment and civic pride, it now faces demolition at a staggering taxpayer cost. Back in a previous vote, five members of council opposed setting aside $35 million of public funds—borrowed at an interest rate of 5% annually—for the building’s demolition. Among those who stood against the tax increase were Mayor Amarjeet Sohi and Councillor Sarah Hamilton, both of whom are not seeking re-election. Councillors Karen Principe, Jennifer Rice, and Keren Tang also opposed the measure and are seeking re-election as independents.

Their concern has proven warranted. News has since surfaced that another $37.5 million will be required to complete the Coliseum’s demolition—bringing the total cost to $72.5 million. And what does that investment get us? A parking lot.

This has raised serious questions about fiscal responsibility and long-term city planning. Is tearing down the Coliseum really a better option than restoring it?

According to Gary Green of BBB Architects—a firm with extensive experience designing and upgrading large-scale public buildings—the cost to replace the Coliseum would be approximately $1.2 billion. In contrast, restoring and modernizing the facility could cost between $15 million and $30 million. For many, this makes restoration not only more affordable, but more practical and visionary for the future of Edmonton.

In the broader context, these financial decisions are even more impactful. The city recently reduced the property tax hike to 5.2%, yet the provincial government originally pushed for an 18.9% educational tax levy, which was later lowered to 9%. These fluctuations raise important questions: What projects are being prioritised? Which ones are being delayed or abandoned? And how are these tax dollars being used?

Voters should consider all of these factors as they evaluate who will best represent their interests—not just in this civic election, but in the provincial election to follow. Leadership matters. So does fiscal accountability. As the Coliseum debate shows, short-term decisions can have long-lasting consequences.

Let’s ensure we’re informed and engaged when we cast our votes this fall!