Close Menu
The Stadium BusinessThe Stadium Business
  • News
  • Projects
  • Operations
  • Business
  • Job Listings
    • Job Dashboard
  • Insights
  • Meetings
    • The Stadium Business Summit
    • Design & Development Summit
    • The Stadium Business Asia
    • The Ticketing Business Forum
    • The Ticketing Business Asia
  • Regions
Facebook X (Twitter) Instagram
LATEST:
  • Munich Arena lands Live Nation partnership
  • Real Madrid planning huge new innovation district
  • WRU to explore redevelopment of Principality Stadium
  • Redwood completes acquisition of Reading, SCL Stadium
  • Reale Arena to be fitted with 2,000 extra seats
  • Tech Stack: Formula 1, Wembley and more
YouTube LinkedIn Flickr
Register for #SBS25
The Stadium BusinessThe Stadium Business
  • News
  • Projects
  • Operations
  • Business
  • Job Listings
    • Job Dashboard
  • Insights
  • Meetings
    • The Stadium Business Summit
    • Design & Development Summit
    • The Stadium Business Asia
    • The Ticketing Business Forum
    • The Ticketing Business Asia
  • Regions
Subscribe
The Stadium BusinessThe Stadium Business
Home»Design & Development»City of Calgary resumes talks for new NHL arena

City of Calgary resumes talks for new NHL arena

The City of Calgary has agreed to begin formal discussions with Calgary Sports and Entertainment Corporation, parent company of the Calgary Flames, over a new events centre – almost a year after the NHL team pulled the plug on plans to develop a new arena.
Bradley RialBy Bradley Rial20th October 20223 Mins Read Design & Development 432 Views
Featured image credit: Jeff Davison
Share
Facebook LinkedIn Twitter Email WhatsApp Copy Link

The City of Calgary said the discussions will mark a “fresh start” for a potential new arena, which would serve as the home of the Flames and also host arts and entertainment events.

CSEC and the city have agreed that “time is of the essence” to reach a formal agreement on the new event centre, but the two parties will take the time necessary to reach an agreement that meets their respective needs.

The City of Calgary hired a third-party team in January to resurrect the project. The team included real estate specialists John Fisher, Guy Huntingford and Phil Swift. CAA Icon, which has helped structure deals for major sports and entertainment venues across North America and Europe, will now represent the City of Calgary going forward.

“We’re at the beginning of an important stage,” said Councillor Sonya Sharp, chair of the event centre committee. “A new event centre for our city will attract investment and international events. It will have enormous benefits for visitors and for Calgarians. We look forward to working with CSEC for our mutual benefit and for a result that works for everyone.”

Sharp added: “This new team has the right expertise to get the best outcome possible for Calgary. Our environment has changed quite a bit over the past couple years. With everything we have learned, I am confident that CAA Icon representing the city is our best path forward and reflects how important this project is.”

CSEC exited the project to develop a new 19,000-seat arena (pictured) for the Flames in December last year. The project was first unveiled in 2019 but faced a number of contentious moments.

A statement at the time said that CSEC and the City of Calgary had been unable to resolve a number of issues relating to the escalating costs of the project.

When the agreements were first executed back in December 2019 the parties agreed to a 50/50 cost sharing arrangement with respect to the design and construction of the new event centre. In July 2021, with these costs increasing to C$608.5m (£393.8m/€452.4m/$443.6m), the city informed CSEC they were not able to fund their 50% share which, under the terms of the Project Framework Agreement, would have resulted in termination at that time.

Instead, CSEC agreed to fund a disproportionate share (C$321m to the city’s C$287.5m) and agreed to accept the risk of reasonable future design and construction cost increases related to the event centre. The project was suspended in April 2021 due to a “difference” in the budget estimate and the programme requirements for the facility.

At the time the project was pulled, the cost estimates had risen to C$634m, which meant that CSEC would be responsible for an additional C$25.5m.

The Flames have played at the Scotiabank Saddledome since it opened in 1983, but have long been seeking a new arena. The Saddledome is the second-oldest arena in the NHL, after New York’s Madison Square Garden.

CAA Icon Calgary Event Centre Calgary Flames Calgary Sports and Entertainment Corporation
Follow on Google News Follow on RSS
Share. Facebook Twitter LinkedIn Email WhatsApp Copy Link
Previous ArticleBath Rugby overcomes legal hurdle for stadium development
Next Article Milwaukee lands USL franchise to play at new 8,000-seat stadium
Bradley Rial

Related Posts

Design & Development

Munich Arena lands Live Nation partnership

15th May 2025126 Views
Design & Development

Real Madrid planning huge new innovation district

15th May 2025732 Views
Design & Development

WRU to explore redevelopment of Principality Stadium

15th May 2025178 Views

Get this News delivered to your inbox

Top Posts

Munich Arena lands Live Nation partnership

15th May 20253 Mins Read

Real Madrid planning huge new innovation district

15th May 20252 Mins Read
YouTube LinkedIn Flickr
  • Home
  • About Us
  • Privacy Policy
  • Job Listings
  • Contact Us
Copyright © 2025 Xperiology. All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

X We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies. However you may visit Settings to provide a controlled consent.
Read More Settings ACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
__cf_bm30 minutesThis cookie, set by Cloudflare, is used to support Cloudflare Bot Management.
__lc_cid2 yearsThis is an essential cookie for the website live chat box to function properly.
__lc_cst2 yearsThis cookie is used for the website live chat box to function properly.
__oauth_redirect_detectorpastThis cookie is used to recognize the visitors using live chat at different times inorder to optimize the chat-box functionality.
cookielawinfo-checkbox-advertisement1 yearSet by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category .
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
last_pys_landing_page7 daysAnonymous cookie used to facilitate the 'PixelYourSite' plugin which manages our analytical services.
last_pysTrafficSource7 daysAnonymous cookie used to facilitate the 'PixelYourSite' plugin which manages our analytical services.
pys_first_visit7 daysAnonymous cookie used to facilitate the 'PixelYourSite' plugin which manages our analytical services.
pys_landing_page7 daysAnonymous cookie used to facilitate the 'PixelYourSite' plugin which manages our analytical services.
pys_session_limit1 hourAnonymous cookie used to facilitate the 'PixelYourSite' plugin which manages our analytical services.
pys_start_sessionsessionAnonymous cookie used to facilitate the 'PixelYourSite' plugin which manages our analytical services.
pysTrafficSource7 daysAnonymous cookie used to facilitate the 'PixelYourSite' plugin which manages our analytical services.
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
CookieDurationDescription
CONSENT2 yearsYouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data.
vuid2 yearsVimeo installs this cookie to collect tracking information by setting a unique ID to embed videos to the website.
advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
CookieDurationDescription
VISITOR_INFO1_LIVE5 months 27 daysA cookie set by YouTube to measure bandwidth that determines whether the user gets the new or old player interface.
YSCsessionYSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages.
yt-remote-connected-devicesneverYouTube sets this cookie to store the video preferences of the user using embedded YouTube video.
yt-remote-device-idneverYouTube sets this cookie to store the video preferences of the user using embedded YouTube video.
Save & Accept