The arena is $50-60 million over initial cost estimates

Just after 10 p.m. MT on Monday night, hours after Game 4 of the Stanley Cup Final concluded, Calgary’s city council emerged from a closed-door meeting with a few minor updates on the status of the future home of the Calgary Flames.

The biggest news: while the design and budget hasn’t been finalized yet, the current cost estimates for the facility are roughly $50 to 60 million over the initial cost estimate of $550 million.

The other main nugget of new information was confirmation that the secondary practice facility at this point likely won’t be constructed. It wasn’t included in the agreements between the Flames and the city, but was mentioned within the agreements as a “if there’s money…