New Downtown Calgary Arena

[H.E.Pennypacker]

Originally Posted by artvandelay

So the breakdown essentially works out to the Flames organization footing 51% of the cost with the ticket tax and initial investment.

The City puts up $440 million in return for a field-house facility and community arena (in additional to the public benefit of redeveloping an underutilized area and replacing our ancient stadium).

Seems to be a decent proposition.

I agree - especially if the City is going to own it all .. But the question remains who is going to pay for clean up of the GSL site?

That won't be cheap.