Scott Stinson: Another Calgary Flames arena proposal that looks especially good for the Calgary Flames yyc
Four years ago, the plan was for a $550-million arena, with the costs split between Calgary and the Flames ownership group, Calgary Sports and Entertainment Corporation. The proposal unveiled on Tuesday calls for a $1.2 billion project, including a practice facility that would also have public use, next to the NHL arena. Municipal taxpayers would cover $537 million. CSEC would pay $356 million.
And so now it is on to Saddledome 3.0, this time with the city’s outlay having almost doubled, the province finding money it had never promised before, and Flames ownership, including billionaire majority owner Murray Edwards, modestly increasing its proposed spend from the last plan, having been rescued by an election campaign in which the Premier is facing a stiff challenge from Rachel Notley’s NDP, which happens to be most popular in Calgary. Funny, that.
Edwards and his partners have played a long game here. It’s been almost six years since Brian Burke, then the Flames’ head of hockey operations, grumpily mused about a possible franchise relocation — “you don’t think we could find a place to go?” — if a favourable arena deal couldn’t be found in Calgary. Burke hasn’t just left the Flames since then, he’s been hired and fired by another team. But his implicit threat lives on, which is always part of the calculus for these deals.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Scott Stinson: Another Calgary Flames arena proposal that looks especially good for the Calgary FlamesCalgary\u0027s share of the funding for the proposed Saddledome replacement has ballooned, and the province will contribute money now, too
Read more »
Scott Stinson: Two Hollywood actors provide a lesson in sports ownership to reluctant billionairesWrexham AFC\u0027s celebrity owners invested significantly to turn a downtrodden club into league champions. It\u0027s a lesson for teams everywhere
Read more »
Calgary arena deal worth $1.2-billion struck by Flames ownership, city and provincial governmentsLong-negotiated project gets $330-million injection from Danielle Smith’s Alberta government
Read more »
Calgary Flames reach initial agreement with city, province for new arenaThe various stakeholders involved in the project — the Flames, the city of Calgary, the province of Alberta, and the...
Read more »
Flames, City of Calgary agree to deal for new arenaFlames fans are rejoicing after the city of Calgary announced plans for a new arena to replace the Scotiabank Saddledome.
Read more »
City of Calgary, Alberta, Flames and Stampede reach arena dealThe City of Calgary, Alberta government, Calgary Sport and Entertainment Corp. and Calgary Stampede say they have reached an agreement in principle to replace the aging Saddledome with a new event centre and improvements to the surrounding area east of downtown. The total cost is projected to be more than $1.2 billion.
Read more »