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Public funds could cover half of new arena, exceeding current trends

According to a report from LiveWire Calgary, the public contribution to the proposed new Calgary Flames arena could be in the vicinity of $300 million. This would be roughly half of the estimated cost of the facility.

How much could the city chip in for an Event Centre? Here's what we've heard. #yyc https://t.co/uIJrJKdyQN

— LiveWireCalgary (@LiveWireCalgary) March 13, 2019

But it’s important to put both the dollar figure and the proportion of total costs in proper context. Is covering half of a new barn (or spending that amount of public funds on one) out of the ordinary?