Calgary Flames pull out of deal with city for new arena
The Flames have pulled out of a deal with the city of Calgary for a new arena because of increased costs.
Stay updated with breaking news from John Bean. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The Flames have pulled out of a deal with the city of Calgary for a new arena because of increased costs.
Calgary's mayor and the CEO of the Calgary Sports and Entertainment Corporation held back-to-back press conferences Wednesday to address the inflating costs that collapsed Calgary's long-standing new arena deal.
CALGARY - A new home for the NHL's Calgary Flames hit the ditch, again, over money and risk.
Bean's comments can be streamed in their entirety right here on Sportsnet.ca, using the video player atop this page, starting at approximately 3 p.m. ET / 1 p.m. MT.
John Bean, Calgary Sport and Entertainment Corporation's president and CEO, said Wednesday that there "wasn't a path forward" for the new event centre project after the city introduced an additional $19 million in right-away — sidewalks and roads — and climate costs for the project.