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Flames president Ken King drops bombshell: We're no longer pursuing an arena in Calgary

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Flames president Ken King dropped a bombshell Tuesday afternoon saying the team owners are no longer pursuing a new arena in Calgary.

The announcement, which included NHL Commissioner Gary Bettman, comes one day after Calgary Mayor Naheed Nenshi revealed that while an arena would be nice, it's not absolutely necessary to his his recently announced vision for east downtown.

Eric Francis has been tweeting from the press conference:

King: "It's time we stopped pretending."

King: "we will operate as long as we can."

— Eric Francis (@EricFrancis) September 12, 2017

King: "we will operate as long as we can.