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The government of Alberta, City of Calgary, and Calgary Sports and Entertainment Corporation (CSEC) – the owners of the Flames – announced Thursday that they have agreed to develop a $1.2 billion multipurpose event centre that includes an $800 million arena to replace the 40-year-old Scotiabank Saddledome. Salim Valji has more.
The deal is sealed: the NHL’s Calgary Flames are getting a new $800-million arena. A preliminary deal announced in April for a new $1.
A deal has officially been signed which will allow Calgary to move forward on construction of its new event centre – replacing the aging Saddledome — with construction slated to begin next year.
The Financial Post brings you the top business stories as they happen for September 27, 2023. Read on for breaking news you need to know.
Years of construction on one portion of the final piece of Calgary's ring road will come to an end next month.