Calgary Flames And The City Of Calgary Agree To New Arena Deal

After all that posturing and bad blood and name calling and threats to move, the Calgary Flames and the city of Calgary have, in principle, agreed to terms on a new arena as part of a sprawling entertainment complex.

Rumors began swirling over the weekend about a possible deal and today it was announced in a press release that an agreement has been reached and plans were unveiled as well. Not only will the Flames, Roughnecks and Hitmen have a new arena to play in, but there will be an outdoor festival area and improvements to Stampede Park as well.

According to the release the project will cost $550 million dollars with The City and CSEC (Calgary Sports and Entertainment Corporation) splitting the bill right down the middle and The City owning 100% of the events centre.

This announcement ends years of bickering between all parties involved. Back on January 8, 2017 things were so heated and convoluted that then Flames President Brian Burke publicly said that the Flames would just move.

Thankfully it didn’t come to that and everyone went back at the table to meet somewhere in the middle to create an events centre that will benefit Calgary and it’s citizens for years to come.

Here are the areas that the proposal will affect:

If you want specifics on how the project will be funded, the press release provided this:

With construction set to begin in 2021 we want to know: are you excited about the potential of a new arena to replace the Scotiabank Saddledome? Vote in our poll below!