The Katz Group continues to claim its funding model is still in the works, but confirms Thursday it wants the province on board as a partner. The group tells CTV it believes the arena will serve more than just the City of Edmonton.

"Edmonton is a very important cultural hub for northern Alberta. It's where northern Alberta finds its entertainment in a very significant way," said Katz Group VP Bob Black.

Some provincial leaders CTV News spoke with say they're willing to hear more about the proposed downtown arena and entertainment district. Many politicians saying they are willing to negotiate what role the province will play in what could be built in the area around 104th Avenue in downtown Edmonton.

"It merits some further consideration," said Health Minister Gene Zwozdesky.

But one MLA feels the private sector has to lead the way. Transportation Minister Luke Ouellette says private money for the desired arena should be put down first.

"I think if private enterprise really wants this new arena, they're going to have to step up to the plate and I think they're going to have to put the first skin in the game," he said.

Black says the group hopes that all levels of government will support the project.

"We are still working on a funding model and it's premature to talk about the details of it. But we expect that there would be participation from all three orders of government in the ultimate funding," said Black.

Ouellette says he doesn't believe any of his colleagues would stand in the way of the proposed project.

"If it's private enterprise pushing it and if they believe that they can make it pay, then step up to the plate and do your job," he said.

The Katz Group says it's still hoping to have a funding model in place by June 28th, when it goes before city council with its re-zoning application. However, the group did admit Thursday that deadline may not be met.

With files from Jessica Earle