Work remains on schedule and on budget for Edmonton, Alberta, Canada’s new downtown multi-use arena – Rogers Place, with the team behind the project saying that the new arena will be “the best in the NHL”.

Dan Vaillant, with project manager Icon Venue Group, said the arena would be “the best facility in the league (NHL)”, with a number of unique features including the HD video screen for the building being five times larger than any other in the hockey league.

To be primarily home to the Edmonton Oilers ice hockey team, work on the CA$600m (US$559m, €410m, £329m) Rogers Place started in March 2014 and is expected to be open in time for the 2016-2017 NHL season. The arena will seat 18,642 as a hockey venue, with capacity expanding to 20,734 as a concert venue.

Funding is coming by way of CA$279m from the Community Revitalization Levy (CRL) and other incremental revenues, CA$125m from ticket surcharge on all events in the new arena, CA$137.8m from lease revenue for the arena, CA$23.7m from Edmonton Arena Corporation and CA$25m from other government sources.

US-based 360 Architecture are working in collaboration with Dialog, Manica and Arndt Tkalcic Bengert on the design of the project, while ICON Venue Group is working as project manager and PCL Construction has been appointed general contractor.