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SportCalgary city council approves arena deal with Flames

03:25  31 july  2019
03:25  31 july  2019 Source:   thescore.com

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Calgary city council has voted to approve a financial agreement with the Calgary Flames to build a new arena . The city and Calgary Sports and Entertainment announced last week a tentative agreement that equally splits the cost of a 0-million sports and entertainment centre.

Calgary is going to build a new arena for its NHL team. Council voted 11-4 on Tuesday approving a financial agreement to build an event centre, which will The city and Flames owner Calgary Sports and Entertainment announced last week a tentative agreement that would equally split the cost of a

Calgary's city council voted Tuesday to proceed with the Flames' new arena project.

Calgary city council approves arena deal with Flames© Tom Szczerbowski / Getty Images Sport / Getty

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.

Construction is expected to begin in 2021 and take about three years to complete.

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