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Varcoe: Fragile momentum builds for Calgary s economy — if we can get out of our own way

Article content After suffering through an abysmal 2020, there are legitimate reasons to believe an economic recovery is coming for Calgary — if we can finally get some big things done. On Thursday, Calgary Economic Development’s annual Report to the Community event highlighted some recent progress in the city, from a growth spurt in the tech sector to expectations GDP will grow by more than five per cent this year. We apologize, but this video has failed to load. Try refreshing your browser, or Varcoe: Fragile momentum builds for Calgary s economy — if we can get out of our own way Back to video

Work on new Calgary Flames arena paused due to budgetary issues | iNFOnews | Thompson-Okanagan s News Source

Work on new Calgary Flames arena paused due to budgetary issues The Vancouver Canucks play the Calgary Flames as the first period beings in an empty arena in NHL hockey action in Calgary, Monday, Jan. 18, 2021. Work on a new arena for the Flames has been put on hold due to budgetary issues. THE CANADIAN PRESS/Jeff McIntosh April 14, 2021 - 3:29 PM CALGARY - Work on a new arena for the National Hockey League s Calgary Flames has been put on hold due to budgetary issues. The Calgary Municipal Land Corporation says it made a presentation to city council at a closed-door meeting earlier this week.

Calgary arena project halted over difference in budget estimate and requirements

  CALGARY Development on the city s new event centre, which is expected to be the new home of the Calgary Flames, has been paused over a discrepancy over the budget for the project, officials have confirmed to CTV News. The Calgary Municipal Land Corporation (CMLC), along with its partners with the City of Calgary, provided an update on the progress of the project planning at a closed-door meeting of council on April 13. At that meeting, the CMLC said there is a difference in the current budget estimate and the program requirements for the facility. There is no official statement about what the differences could be, but sources with direct knowledge of the negotiations, who is not permitted to speak publicly about the details, tells CTV News that the Calgary Sports and Entertainment Corporation (CSEC) requested:

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