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City council OKs terms to restart arena work after months on pause


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The results of months of confidential negotiations between the city and the Calgary Flames ownership group were publicly released this week, revealing that the cost overruns clause from the deal for the new facility had been triggered. That means the city and the Calgary Sports and Entertainment Corp. (CSEC) split an additional $25-million contribution to the building, adding up to a new cost of $575 million.
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City council OK s terms to restart arena work after months on pause Back to video
But creating the Saddledome’s replacement was set to be even costlier, with the current price tag estimated at $608.5 million. City manager David Duckworth told council Wednesday that change led to lengthy talks to find a solution. ....

Naheed Nenshi , Jeromy Farkas , Jyoti Gondek , David Duckworth , Madeline Smith , Jeff Davison , Entertainment Corp , Postmedia Network Inc , Calgary Municipal Land Corp , Calgary Flames , Calgary Sports , Stampede Park , Calgary Municipal Land , Mayor Naheed Nenshi , Postmedia Network , Street East , நீத் னென்ஷி , ஜெரமி பார்க்கச் , ஜையோடீ கொண்தேக் , டேவிட் டக்வொர்த் , மேட்லைன் ஸ்மித் , ஜெஃப் டேவிசன் , பொழுதுபோக்கு கார்ப் , கல்கரி நகராட்சி நில கார்ப் , கல்கரி தீப்பிழம்புகள் , கல்கரி விளையாட்டு ,

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. ....

Jeromy Farkas , Jyoti Gondek , Jeff Davison , Event Centre , Entertainment Corporation , Calgary Municipal Land Corporation , Calgary Sports , Calgary Municipal Land , ஜெரமி பார்க்கச் , ஜையோடீ கொண்தேக் , ஜெஃப் டேவிசன் , நிகழ்வு மையம் , பொழுதுபோக்கு நிறுவனம் , கல்கரி நகராட்சி நில நிறுவனம் , கல்கரி விளையாட்டு , கல்கரி நகராட்சி நில ,

City council OK's terms to restart arena work after months on pause


Article content
The results of months of confidential negotiations between the city and the Calgary Flames ownership group were publicly released this week, revealing that the cost overruns clause from the deal for the new facility had been triggered. That means the city and the Calgary Sports and Entertainment Corp. (CSEC) split an additional $25-million contribution to the building, adding up to a new cost of $575 million.
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City council OK s terms to restart arena work after months on pause Back to video
But creating the Saddledome’s replacement was set to be even costlier, with the current price tag estimated at $608.5 million. City manager David Duckworth told council Wednesday that change led to lengthy talks to find a solution. ....

Naheed Nenshi , Jeromy Farkas , Jyoti Gondek , David Duckworth , Madeline Smith , Jeff Davison , Entertainment Corp , Postmedia Network Inc , Calgary Municipal Land Corp , Calgary Flames , Calgary Sports , Stampede Park , Calgary Municipal Land , Mayor Naheed Nenshi , Postmedia Network , Street East , நீத் னென்ஷி , ஜெரமி பார்க்கச் , ஜையோடீ கொண்தேக் , டேவிட் டக்வொர்த் , மேட்லைன் ஸ்மித் , ஜெஃப் டேவிசன் , பொழுதுபோக்கு கார்ப் , கல்கரி நகராட்சி நில கார்ப் , கல்கரி தீப்பிழம்புகள் , கல்கரி விளையாட்டு ,

City, Flames each put extra $12.5M toward Calgary's new arena


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Proposed agreements to push ahead the stalled plans for the event centre in east Victoria Park were publicly released Monday, following months of budget talks behind the scenes.
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City, Flames each put extra $12.5M toward Calgary s new arena Back to video
The documents reveal that early in 2021, the building’s total cost was projected as high as $620 million, up by almost 13 per cent compared to the $550-million facility proposed two years ago. Further discussions shaved that number down to $608.5 million, but city hall and CSEC have been trying to hammer out how to cover the extra cost. ....

United States , Naheed Nenshi , Darren Makowichuk Postmedia , Gavin Young Postmedia , Madeline Smith , Entertainment Corp , Postmedia Network Inc , Calgary Municipal Land Corp , Calgary Flames , Calgary Sports , Calgary Municipal Land , Mayor Naheed Nenshi , Victoria Park , Stampede Trail , Stampede Park , North America , Postmedia Network , Street East , ஒன்றுபட்டது மாநிலங்களில் , நீத் னென்ஷி , மேட்லைன் ஸ்மித் , பொழுதுபோக்கு கார்ப் , கல்கரி நகராட்சி நில கார்ப் , கல்கரி தீப்பிழம்புகள் , கல்கரி விளையாட்டு , கல்கரி நகராட்சி நில ,