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We have a (tentative) arena deal: agreement on ‘fundamental terms and conditions’ reached

Ladies and gentlemen, we have an agreement on a new home for the Calgary Flames. The Flames, Calgary Stampede and City of Calgary announced an agreement on “fundamental terms and conditions” at a press conference at City Hall on Monday night.

Discussions between the Flames, the Stampede and the City have been going on in various forms since 2013, with the previous rounds of chats regarding the CalgaryNEXT proposal hitting the ditch in early 2016 and a previous incarnation of a building in Victoria Park screeching to a halt in summer 2017.

But talks reignited with the creation of the Event Centre Assessment Committee in late 2018, leading to formal talks picking up speed in early 2019.