The multi-million dollar arena deal between the City of Calgary and the owners of the Flames is being paused over “a difference in the current budget estimate and the program requirements for the facility.”
That’s according to the Calgary Municipal Land Corporation, the city-owned entity responsible for overseeing the project.
“Calgary Municipal Land Corporation (CMLC), along with our partners at the City of Calgary, provided an update to council at the April 13th closed meeting on the progress of the Event Centre,” reads an emailed statement from CMLC, attributed to its president and CEO Kate Thompson.
“We started this project by developing principles and a program that would create a building that Calgarians would be proud to have in their city, and over the past several months, the team has developed a design to reach that goal.”
It says the parties have agreed to pause the project to allow time to “resolve these challenges.”
The contentious $550-million project was approved by the Flames and the city in 2019, with construction costs split 50/50.
More to come.