The City of Calgary has signed a deal paving the way for construction of a new arena.
The City of Calgary has reached agreements, in principle, with the province, Calgary Sports and Entertainment Corporation (CSEC) and Calgary Stampede to proceed forward with the creation of the Culture + Entertainment District in downtown Calgary, including a new and publicly-owned event centre.
The deal is valued at $1.2 billion
The City of Calgary is contributing 44 per cent, or $537.3 million, and 56 per cent is being contributed by both
the province ($330 million) and Calgary Sports and Entertainment Corporation ($356 million).
https://www.alberta.ca/release.cfm?x...55B2BDD3518B60