On Tuesday evening, Calgary mayor Jyoti Gondek posted a statement on Twitter regarding the state of the Calgary Flames’ arena deal.
The long and the short? Things don’t look good.
Here’s what she posted (with minor edits):
Today, I spoke with Murray Edwards, primary shareholder of Calgary Sports & Entertainment Corp (CSEC), about the future of the Event Centre project.
He informed me of the Flames intention to pull the plug on the Event Centre deal.
Why? Here’s what I know:
The deal struck in summer of 2019 envisioned a $550 m deal w/costs split equally between CSEC & the City.