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By Canadian Press

Calgary city official says Flames arena deal to include a 35-year commitment to stay

Jun 5, 2023 | 1:21 PM

CALGARY – A city official says a $1.2-billion deal to replace Calgary’s aging Saddledome with a new National Hockey League arena would come with a 35-year lease that includes a commitment from the owners of the Calgary Flames to stay in the city.

The City of Calgary, Alberta government, Calgary Sports and Entertainment Corp., and Calgary Stampede reached an agreement in principle in late April.

City council’s event centre committee met this morning and asked administration some of the questions that have come up since the deal was announced.

Coun. Andre Chabot says there are concerns from some Calgarians that the lease could be terminated.

Calgary’s general manager of infrastructure services, Michael Thompson, says the city has a commitment from Calgary Sports and Entertainment Corp. that it would stay in the city for the 35-year term of the lease.

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No one from the company could immediately be reached for comment.

This report by The Canadian Press was first published June 5, 2023.

The Canadian Press