Sport: Report: Flames, city of Calgary reach tentative deal for new arena - PressFrom - US
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SportReport: Flames, city of Calgary reach tentative deal for new arena

21:32  19 july  2019
21:32  19 july  2019 Source:   thescore.com

Flames trying to free up cap space

Flames trying to free up cap space Aside from changing veteran goaltenders, Calgary has been relatively quiet this offseason. With several players still in need of new contracts, GM Brad Treliving’s focus has predominantly been on trying to get those deals done. However, he acknowledged to reporters, including Postmedia’s Kristen Anderson, that the Flames have been active in trying to free up cap room but haven’t found a deal that makes sense just yet. As their roster currently

Report: Flames, city of Calgary reach tentative deal for new arena© Derek Leung / Getty Images Sport / Getty

The city of Calgary has reached a tentative deal with the Flames for a new arena to replace the Scotiabank Saddledome, reports Meghan Potkins of the Calgary Herald.

City council members will discuss the proposed agreement on Monday behind closed doors.

"Discussions are productive but they're not complete," councilor Jeff Davison said earlier in July, according to Potkins. "We can't give an exact date as to when we'll be back with any information (but) I'm confident if we do bring a plan back, that the public will support it."

The projected cost of the new building will be between $550 million and $600 million, and the proposed arena will seat 18,000 along with retail space, a community rink, and 40,000 square feet of underground parking.

The Saddledome opened in 1983 and has hosted the Flames since.

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Calgary city council approves arena deal with Flames.
Calgary's city council voted Tuesday to proceed with the Flames' new arena project. City lawmakers, Calgary Sports and Entertainment Corporation (the entity that operates the team), and Calgary Exhibition and Stampede Limited agreed to fundamental terms and conditions for the development and construction of a new facility last week. Tuesday's 11-4 vote was the final step in the approval process. The proposed event center carries an estimated construction cost of $550 million, which will be split 50-50 between the city and the team. It will replace the Scotiabank Saddledome, one of the NHL's oldest arenas, which has served as the Flames' home rink since 1983.

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