Mayor Naheed Nenshi and several members of City Council were on hand at City Hall as the municipal government’s latest offer to the Calgary Flames was unveiled. The deal was largely consistent with what was previously reported – a three-way split between the City, the Flames and a ticket tax – but some of the mechanics were slightly different than previously reported (or not as cemented as some may have liked). Later in the day, the Flames responded with a press conference of their own.
The big pieces of the deal are largely what we previously discussed, with the total cost of the building – including property and demolishing the Saddledome – was $555 million.