Flames: the arena project rises from the ashes

Flames: the arena project rises from the ashes< /p> UPDATE DAY

Several months after scrapping plans for a new arena for the Flames, the company that owns the team, Calgary Sports and Entertainment Corporation (CSEC), has announced that talks about it are underway. in progress again.

After an official abandonment in January 2022, Calgary City Council had voted to add a third party, represented by Guy Huntingford, John Fisher and Phil Swift. The three men, investment and real estate references in Alberta, have successfully played the role of negotiators to bring the sports group and the City closer together, according to what the Calgary Sun reported on Wednesday. .

“We are at the start of an important step. A new event center for our city will attract international investment and events. It will provide tremendous benefits for visitors and Calgarians alike,” City Councilor and Amphitheater Design Committee Chair Sonya Sharp said in a statement.

The CSEC and the City of Calgary have been trying for several years to come to an agreement in order to offer a new home to the National Hockey League (NHL) team. The dilapidated Scotiabank Saddledome, which opened in 1983, is the circuit's second oldest arena.

“All parties have a common desire to see a new event center built in Calgary. We look forward to talking with the City to try to find common ground moving forward,” said CSEC President and CEO John Bean.

A step in the right direction

The City of Calgary has also reached an agreement with CAA Icon, a firm that “develops financial plans for event centres, stadiums and other public assembly facilities. Some of their completed projects include the Edmonton Oilers, New Jersey Devils and Pittsburgh Penguins arenas.

Latest Estimated Cost of Creating a New Multipurpose Arena in Calgary was $634 million. In addition to the Flames, the CSEC also owns the Hitmen (WHL), Stampeders (LCF) and Roughnecks, of the National Lacrosse League.