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City council mulls adjustments to arena cashflow (but don’t be alarmed)

As Calgary’s municipal government prepares its budget for 2021, it’s considering some tweaks to the capital budgeting that will involve changes to the cashflow for the new home for the Calgary Flames.

Spending appears to be pushed back, but don’t fret: it appears to be all part of the actual plan.

During Monday’s council meeting, Postmedia’s Madeline Smith shared this note from council:

Coun. Farkas asks about the capital budget recast — there's a $22 million decrease for the event centre (aka arena) in 2021 and $155.8 million decrease in 2022.