Cal­gary pledges to pay a third of arena costs

Ottawa Citizen - - SPORTS -

The City of Cal­gary is of­fer­ing to pay for one-third of the cost of a new NHL arena. In re­sponse to the Cal­gary Flames break­ing off talks for a new rink ear­lier this week, Cal­gary Mayor Na­heed Nen­shi re­vealed de­tails Friday of what the city pro­poses to pay for a build­ing ex­pected to cost $555 mil­lion. The Flames haven’t made their counter-pro­posal pub­lic, but have in­di­cated they want the city to pay closer to half the cost. “Cal­gar­i­ans have told us, ‘We’re will­ing to make an in­vest­ment. We’re not will­ing to give away the farm,’” Nen­shi said. The city pro­posed pay­ing $185 mil­lion up front with the Flames contributing the same amount and the other third com­ing from a sur­charge on tick­ets to events in the new build­ing.

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.