Flames Ownership On The VergeOf Landing A New Arena [Video]

Some minor details need to be resolved.

The saga of the National Hockey League’s Calgary Flames’ ownership quest for the construction of an arena has ended and shovels are in the ground. But Flames’ ownership is waiting for the Calgary Planning Commission to give the final approval of the arena plan and that is expected to occur. Flames’ ownership desire for a new arena started around a decade ago. In 2021, the city and the hockey team ownership broke off an engagement that would have seen the construction of an arena. Flames’ ownership did not want to pay for cost overruns of the construction, after all Flames’ ownership agreed to pay half of the estimated $608.5 million Canadian cost. The arena project was dead but arena projects never die. This arena project is going to cost more money because of global inflation and higher interest rates than earlier arena proposals.

Flames’ ownership pushed Calgary city elected officials …