Calgary’s city council convenes on Tuesday afternoon at City Hall to determine the fate of the tentative arena deal. If they ratify it, the Calgary Flames could have a new home arena by 2024. Given that there are many parties involved, let’s break down what everyone gets from the potential deal.
The Flames
The Calgary Sports and Entertainment Corporation (“the Flames” for simplicity) chip in $275 million for the construction of the new building, will pay up to $1.5 million for the demolition of the Saddledome, and they’ll pay the provincial portion of property tax after the Rivers District CRL expires in 2047 (it’s unclear how much that will be).