Calgary council approves changes to arena project budget and

Calgary council approves changes to arena project budget and manager, new rendering released


 
CALGARY --
Calgary council has signed off on changes to the city's new Event Centre project, which includes a higher budget and a new project manager.
Documents released earlier this week show the estimated price tag for the arena has increased to $608 million, $58 million higher than what was agreed to in 2019.
Council was asked to vote on whether to approve an update budget framework that sees the city's share of the building capped at $287 million. The Calgary Sports and Entertainment Corporation -- the group that owns the Flames, otherwise known as CSEC -- will put $321 million towards constructing the building and will be responsible for any additional cost overruns, should those occur.

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